ASSESSMENT OF INVENTORY MANAGEMENT PRACTICE IN TSEDA TRADING PLC

Abstract

The study was conducted on “Assessment of inventory management practice in TSEDA Trading PLC.” The main objective of the study was to assess the inventory management practice of TSEDA Trading PLC, so as identify areas of improvement. To achieve the objective of the study all necessary data have been collected from primary and secondary data. Questionnaires have been distributed to staffs of the company who have direct contact with inventories working at Head office, sales centers and warehouses. All of the questionnaires were responded and the analysis and findings have been clearly stated. Based on the findings, the researcher came up with the conclusion and recommendations which he believe are very substantial and will contribute a lot. The information from the secondary data are obtained from sales receipts, financial reports, stock states reports, company’s business plan and other materials which enable the researcher to know about the company. The current situation of TSEDA Trading PLC’s inventory management practice was found to be weak. While conducting the study it has been found that the company’s system of inventory control has indicated some fundamental problems like unauthorized person involvement in issuance of inventory, lack of proper inventory recording system, problem of assigning right person on inventory management, and generally, the company has not given emphasis to this field. Therefore, the company needs serious attention to revise its inventory management practice.