Performance Appraisal Through Inventory Management: The Case of Central Public Sector Enterprises (CPSES) in India
DOI:
https://doi.org/10.33516/maj.v54i7.103-109pKeywords:
No Keywords.Abstract
Inventory implies the sum total of tangible assets which comprises of finished goods, work-in-progress and materials and supplies. In order to survive in the competitive market, a firm should have requisite level of inventories i.e., neither excessive nor inadequate. Thus, an efficient management of inventory is necessary for maintaining smooth operation of the business. In this backdrop, the present study is an attempt to examine the inventory management of CPSEs in India during the period 2000-01 to 2016-17.
The technique of linear regression equations are used in the study and the significance of deviation between actual values and trend values of inventory turnover ratio have been tested by Ch-square test. Simple statistical measures like average, standard deviation, and co-efficient of variation have also been applied in the study.
The study concluded that the overall inventory management of CPSEs in India is found to be satisfactory during the period under study.
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