Enhancing the efficiency of inventory management in FMCG industry

Vidanapathirana, GD; Jayaratne, P

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dc.contributor.author	Vidanapathirana, GD
dc.contributor.author	Jayaratne, P
dc.contributor.editor	Gunaruwan, TL
dc.date.accessioned	2022-04-22T04:33:52Z
dc.date.available	2022-04-22T04:33:52Z
dc.date.issued	2016-06
dc.identifier.citation	Vidanapathirana, G.D., & Jayaratne, P. (2018). Enhancing the efficiency of inventory management in FMCG industry [Extended Abstract]. In T.L. Gunaruwan (Ed.), Proceedings of 1st International Conference on Research for Transport and Logistics Industry 2016 (pp. 177-180). Sri Lanka Society of Transport and Logistics. https://slstl.lk/r4tli-2016/	en_US
dc.identifier.uri	http://dl.lib.uom.lk/handle/123/17653
dc.description	The decision on how much inventory to keep in hand can be identified as one of the key decisions to make in manufacturing, retail and many production industries in various businesses [1]. Basically, inventory is one of the most important items of current assets of an organisation, which permits smooth process of operation, production and sales process [2]. As such, proper management of inventory level is essential, since it leads to reduce the total inventory cost which constitutes a significantly high portion of the total logistics cost [3]. Inventory management is particularly important in the Fast Moving Consumer Goods (FMCG) sector, as the manager‟s target would be to reduce the logistics cost due to the shorter shelf life time and lower profit margins associated with the sector. According to the research, maintaining appropriate stock level refers to the proper management of the inventory of the company, and it can be identified as one of the most critical factors when it comes to FMCG industry. Hence this research will focus on how to enhance the efficiency of inventory management in FMCG industry.	en_US
dc.language.iso	en	en_US
dc.publisher	Sri Lanka Society for Transport and Logistics	en_US
dc.relation.uri	https://slstl.lk/r4tli-2016/	en_US
dc.subject	Inventory management	en_US
dc.subject	Efficiency	en_US
dc.subject	Inventory management strategies	en_US
dc.subject	FMCG industry	en_US
dc.subject	Supply chain	en_US
dc.title	Enhancing the efficiency of inventory management in FMCG industry	en_US
dc.type	Conference-Extended-Abstract	en_US
dc.identifier.faculty	Engineering	en_US
dc.identifier.department	Department of Transport and Logistics Management	en_US
dc.identifier.year	2016	en_US
dc.identifier.conference	1st International Conference on Research for Transport and Logistics Industry 2016	en_US
dc.identifier.place	Colombo	en_US
dc.identifier.pgnos	pp. 177-180	en_US
dc.identifier.proceeding	Proceedings of 1st Conference on Research for Transport and Logistics Industry - 2016	en_US