A Study on Impact of Inventory Management in Particular to Cost Effectiveness in Mytronics Solution Pvt Ltd

Abstract

Inventory management is a management of all kinds of assets that a business hold either to sell or to convert them to finished products. This study analysed the impact of inventory management on the following objectives: impact of ordering frequency on cost effectiveness and procedure used to identify suppliers by Mytronics Solutions Private Limited, Mysuru. The primary data was obtained using a questionnaire that was circulated to all of the company's employees. Selected statistical techniques are descriptive statistics and chi square test. Results of the study is that dependent variables and independent variables influence the cost effectiveness of the organisation. In this study impact of inventory management to cost effectiveness is dependent variable and ordering frequency and procedure used for identification of suppliers are independent variables. This study concludes that higher ordering frequency results in lower cost effectiveness and lower ordering frequency results in higher cost effectiveness.