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ABSTRACTThe study investigates the inventory management of Akay Industries Dharawad. for the period from 2018 to 2022 (5 years). Managers has to plays the very imperative role in managing their inventory effectively. The study discloses the ABC analysis is suit for the firm. It helps the company to reduce the material handling cost, which helps company to increase their profits. The study uses the ratio analysis to analyse and interpret the data. This study provides the valuable inputs for the manufacturing concerns. which are looking forward to optimize their inventory management. The findings highlights the strategy which has to been used by the firm. This includes JIT (Just in Time) inventory system and EOQ (economic order quantity), these are all the real time inventory tracking solutions are used by the company.Keywords: Inventory management, ABC analysis, JIT, EOQ, Turnover ratios. 1. INTRODUCTIONInventory management refers to it has the procedure of the activities are ordering, storing, and tracking of a firms goods or products. Its main objective is to ensure the right items are prepared to in the right quantity at right time, it also minimizes the costs and prevents the stockouts . The inventory management will helps to business or firms to optimize their supply chain, improve the cash flow and enhance the overall performance of company in effectively. While the effective inventory management results the businesses to get together the right quantity of stock at the right time to assure the customer demands while avoiding excess stock, which has to be the tie up with the capital and increases holding costs. By using the various methods such as the ABC analysis, Just in Time (JIT), inventory and Economic order quantity (EOQ), the firms can streamline their inventory processes, it will increases the cash flow, and enhance overall productivity. In the end, adept management of inventory aids companies in enhancing their capacity to provide superior customer service. Simultaneously, it boosts profitability and cultivates a competitive advantage within the market.

Copyright © 2023 Vandana A N. This is an open access article distributed under the Creative Commons Attribution License.