| 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. |
