Paper Title
Inventory Management

Abstract
With globalization& opening up of market indensely populated 3rd world countries, mass manufacturing has become inevitable and a need for ware house/ inventory facilities have emerged. Inventory management techniques likeEOQ, ABC, MRP,JIT&Kanban have come into picture. The basic meaning of Inventory management is: • It is the stock/ quantity of semi-finished & finished goods • It is the quantity of goods in hand and are ready to assist the manufacturing process Inventory refers to stocking of in-process, finished, packed goods stored to meet the demand needs of supply chain Keyword - Inventory Management, Economic Order Quantity(EOQ), Always Better Control (ABC), Material Requirement Planning (MRP),Master Production Schedule (MPS), Bill of Materials (BOM), Distribution Requirement Planning (DRP), JIT,KANBAN.