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Unit-Wise Ranking of Inventory Control Techniques Used in Small Scale Cement Enterprises: A Small Scale Entrepreneurial Perspective


Affiliations
1 Department of Commerce, University of Jammu, Udhampur Campus, Jammu & Kasmir, India
     

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The present research divulges the different inventory control techniques used small scale cements enterprises operated by small scale entrepreneurs through the assistance of primary data collected from eight small scale cement enterprises operating in SIDCO & SICOP, under DIC (District Industries Center) in District Udhampur of Jammu & Kashmir State. The various inventory control techniques identified and quested for in the research were: "Always Better Control (ABC)", "Economic Order Quantity (EOQ)", "Material Requirement Planning (MRP)", and "Just-in-Time (JIT)". The results of the ranking table quoted that "Economic Order Quantity (EOQ)" was awarded first rank by almost all the units representing overall mean score of 1.71, "Always Better Control (ABC)" was denoted by rank two repressing overall mean value as 2.00, "Material Requirement Planning (MRP)" was quoted rank three as depicted by its mean ranking (2.25), and "Just-in-time (JIT)" was accorded rank four (3.71) by almost all the small scale cements entrepreneurs/owners.

Keywords

Inventory, Enterprise, Entrepreneur, Cement Industry, Techniques, Small Scale Enterprises.
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  • Unit-Wise Ranking of Inventory Control Techniques Used in Small Scale Cement Enterprises: A Small Scale Entrepreneurial Perspective

Abstract Views: 237  |  PDF Views: 0

Authors

Vipul Chalotra
Department of Commerce, University of Jammu, Udhampur Campus, Jammu & Kasmir, India

Abstract


The present research divulges the different inventory control techniques used small scale cements enterprises operated by small scale entrepreneurs through the assistance of primary data collected from eight small scale cement enterprises operating in SIDCO & SICOP, under DIC (District Industries Center) in District Udhampur of Jammu & Kashmir State. The various inventory control techniques identified and quested for in the research were: "Always Better Control (ABC)", "Economic Order Quantity (EOQ)", "Material Requirement Planning (MRP)", and "Just-in-Time (JIT)". The results of the ranking table quoted that "Economic Order Quantity (EOQ)" was awarded first rank by almost all the units representing overall mean score of 1.71, "Always Better Control (ABC)" was denoted by rank two repressing overall mean value as 2.00, "Material Requirement Planning (MRP)" was quoted rank three as depicted by its mean ranking (2.25), and "Just-in-time (JIT)" was accorded rank four (3.71) by almost all the small scale cements entrepreneurs/owners.

Keywords


Inventory, Enterprise, Entrepreneur, Cement Industry, Techniques, Small Scale Enterprises.