Enhancing the efficiency of inventory management in FMCG industry

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dc.contributor.authorVidanapathirana, GD
dc.contributor.authorJayaratne, P
dc.contributor.editorGunaruwan, TL
dc.date.accessioned2022-04-22T04:33:52Z
dc.date.available2022-04-22T04:33:52Z
dc.date.issued2016-06
dc.descriptionThe 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.identifier.citationVidanapathirana, 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.conference1st International Conference on Research for Transport and Logistics Industry 2016en_US
dc.identifier.departmentDepartment of Transport and Logistics Managementen_US
dc.identifier.facultyEngineeringen_US
dc.identifier.pgnospp. 177-180en_US
dc.identifier.placeColomboen_US
dc.identifier.proceedingProceedings of 1st Conference on Research for Transport and Logistics Industry - 2016en_US
dc.identifier.urihttp://dl.lib.uom.lk/handle/123/17653
dc.identifier.year2016en_US
dc.language.isoenen_US
dc.publisherSri Lanka Society for Transport and Logisticsen_US
dc.relation.urihttps://slstl.lk/r4tli-2016/en_US
dc.subjectInventory managementen_US
dc.subjectEfficiencyen_US
dc.subjectInventory management strategiesen_US
dc.subjectFMCG industryen_US
dc.subjectSupply chainen_US
dc.titleEnhancing the efficiency of inventory management in FMCG industryen_US
dc.typeConference-Extended-Abstracten_US

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