Open AccessANALYSIS OF INVENTORY MANAGEMENT FOR AGRO AND ORGANIC PRODUCT SATISFYING CUSTOMER WITH MAXIMUM PROFIT USING EOQ MODEL
Author(s) -
Debasmita Samal,
Abdul Kalam
Publication year - 2021
Publication title -
international journal of engineering applied science and technology
Language(s) - English
Resource type - Journals
ISSN - 2455-2143
DOI - 10.33564/ijeast.2021.v06i03.017
Subject(s) - economic order quantity , inventory management , inventory control , profit maximization , profit (economics) , business , perpetual inventory , operations research , maximization , inventory theory , operations management , computer science , economics , marketing , microeconomics , mathematics , supply chain
Inventory management of agro-based industry(dairy product) is a challenging tax because due to itsperishable nature.EOQ model has its importance & rolefor proper management of this category of Inventory. Thesuccess of many businesses is related to their ability toprovide goods and services at right time and in right place.Different organization adopt different inventory controlmethods to manage their inventory to avoid stock-out andoverstock. This paper analyses possible parameters ofexisting literature, concentration, description ofcharacteristics and of EOQ inventory control model thathave been developed and can solve the Problem in thisfield & will provide the customer satisfaction with profitmaximization.