Published Paper Details:

Manufacturing industry deal with the converting the raw material into the finished product, there are several activities which are associated in this process and all this processes are associated with the several expenses which are Machining expenses, labour expenses, electricity expenses, inventory expenses, marketing and operational expenses etc. among this all cost the inventory expenses hold the more than 50% of the total expenses and 70% cost of the product MRP, due to this inventory is most important for manufacturing industry for lowering the product price as well as for quality of product. Poor inventory management can create several problems for the manufacturing industry which are higher inventory related cost, storage issues, no optimum level of inventory, poor efficiency, higher wastage and longer delivery period. This all problem is cause create unbalance in the process and leads to reduces the product quality as well as it directly affect the profitability of the company, also it directly increase the product price and leads to lesser customer satisfaction level because customer want product with lesser price and good quality. This study aim is to analysis the inventory related issues that industry faces also analysis the effectiveness of just in time inventory management technique with its all benefits, lacking and effective method for implementation.