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 |