A Study on Inventory Management of Servo Packaging Limited

This study evaluates the inventory management practices at Servo Packaging Limited, focusing on optimizing stock levels and reducing costs. The research examines key techniques, including Economic Order Quantity (EOQ), ABC analysis, and stock level maintenance, using secondary data such as balance sheets and inventory reports. The findings show that Servo Packaging has effectively managed inventory to ensure smooth production while minimizing costs. However, improvements in supplier reliability and the implementation of Just-In-Time (JIT) inventory could further enhance efficiency. Overall, the company balances cost-efficiency with customer demand, though further optimization is possible.

Authors

Publication Details

Journal
International Journal For Multidisciplinary Research
Published
2024-12-31
DOI
https://doi.org/10.36948/ijfmr.2024.v06i06.34415
Primary Topic
Advanced Manufacturing and Logistics Optimization
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

A Study on Inventory Management of Servo Packaging Limited

S. Nandhitha.. S., Mr.T. Chandramohan -
International Journal For Multidisciplinary Research
Advanced Manufacturing and Logistics Optimization
article

A Study on Inventory Management of Servo Packaging Limited

S. Nandhitha.. S., Mr.T. Chandramohan -
article en

Abstract

This study evaluates the inventory management practices at Servo Packaging Limited, focusing on optimizing stock levels and reducing costs. The research examines key techniques, including Economic Order Quantity (EOQ), ABC analysis, and stock level maintenance, using secondary data such as balance sheets and inventory reports. The findings show that Servo Packaging has effectively managed inventory to ensure smooth production while minimizing costs. However, improvements in supplier reliability and the implementation of Just-In-Time (JIT) inventory could further enhance efficiency. Overall, the company balances cost-efficiency with customer demand, though further optimization is possible.

International Journal For Multidisciplinary ResearchVol. 6(6)
Openalex Percentile: Top 62%
Advanced Manufacturing and Logistics Optimization
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.