A Comparative Study on Relationship between Management of Inventory and Company’s Performance: An Empirical Evidence from Some Selected Indian Oil & Gas Industries
Mahendra Kumar Samantbhai Tarsariya, B Patel Prahlad
Abstract
Mahendra Kumar Samantbhai Tarsariya, B Patel Prahlad
Abstract
To maintain the optimum stock of inventory in a manufacturing company, management of inventory play significate role. The main components of determining efficiency of Company’s Performance in the context of management of inventory includes Cash Conversion cycle, Return on assets, Inventory days etc. This research Segments provide optimal value of components of inventory management. This Research study proved that there is Positive or significant relationship between return on assets and inventory days. The main purpose of this research segments is recommended for improving the company’s financial performance in the context of inventory by reducing unnecessary investment in inventory. This research study also analysed the optimum stock of inventory and methods of holding inventory. Last Ten years’ (2008-09 to 2017-18) data is to be taken for this Research Segments and for Analysis relevant accounting tools and statistical methods were used in this study.
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To maintain the optimum stock of inventory in a manufacturing company, management of inventory play significate role. The main components of determining efficiency of Company’s Performance in the context of management of inventory includes Cash Conversion cycle, Return on assets, Inventory days etc. This research Segments provide optimal value of components of inventory management. This Research study proved that there is Positive or significant relationship between return on assets and inventory days. The main purpose of this research segments is recommended for improving the company’s financial performance in the context of inventory by reducing unnecessary investment in inventory. This research study also analysed the optimum stock of inventory and methods of holding inventory. Last Ten years’ (2008-09 to 2017-18) data is to be taken for this Research Segments and for Analysis relevant accounting tools and statistical methods were used in this study.
Key concepts: Inventory valuation, Inventory management, Business, Stock (firearms), Inventory investment, Stock exchange, Context (archaeology), Empirical research