Inventory management and its controling techniques at wheels India Limited

The main objective of this study is to analyze the inventory position of the Wheels India Pvt, Chennai for the period of five years. The study also analyze with the funds that are locked up in the inventories that are maintained by the company. An analytical type of the research is used for the study. Secondary data is collected through annual reports and stores ledger. The study covers inventory position of raw materials, work in progress and finished goods. This study includes tools like: ABC Analysis, Economic Order Quantity, Economic Batch Quantity, Inventory Ratios, Correlation Analysis, Trend Analysis etc. The tools that are used are ratio analysis. Inventory is considered as almost important as it is covers up to 70% of the current assets of any firms. The liquidity position of a firm is also based on the level of inventory it holds. The study on inventory management in wheels India limited has helped in measuring the efficiency level of the concern inventory management system.