Original Research Article
Year: 2018 | Month: February | Volume: 5 | Issue: 2 | Pages: 61-66
A Study on Inventory Control Techniques in Apparel Industry
K.Prabha Kumari1, S.Jagadeeswaran2
1Assistant Professor, 2Final Year Student, Department of Apparel Manufacturing and Merchandising,
Nift-tea College of Knitwear Fashion, Tirupur
Corresponding Author: K.Prabha Kumari
ABSTRACT
Inventory management is one of the most important and least sexy aspects of running an apparel business. It can say, inventory management is the lifeline of apparel manufacturing business. In the Store is the place where every type of raw materials, spares,finished goods is kept in proper system. Inventory control means the accurate calculation and data of every type of raw materials,spares and finished goods in time to time store. Inventory control in textile mill are necessary because this paper focuses on the use of material planning methods to control material flow to inventories of purchased items. Five material planning methods are studied the EOQ method, the re-order point method, the ABC Analysis and VED analysis. The modes of applying a material planning method affect its perceived performance. In particular, the way of determining and the review frequency of safety stocks and lead times have great importance for the planning performance of MRP methods, while the determination and review of order points, review frequencies and run-out times were important for re-order point methods.
In this Research the Inventory analysis are used to analyse all the inventories like raw materials, spare-parts and finished products in the garment sector to control in the inventory techniques.
Key words: Inventory management,Planning environment,Planning parameters,Materials requirements planning,Re-order point,Performance
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