Research Journal of Manag Vol. 2(4), 7-13, April (2013 International Science Congress Associa Study on Stock Man Department of Received 5 t Abstract The main objective of the study is to a analysis is based on the primary and se and the source of secondary data is pub secondary data of five consecutive yea separate questionnaire survey is cond collected data is analyzed using Soft companies. From the data analysis construction companies. Keywords: Stock, inventory, primary d Introduction In industry inventory means ‘stock of go idle resource having an economic value consumption or re-sale. Thus they are he transaction. ‘Today’s inventory is tomorr the finance manager, inventory connote materials, consumables, spares, work- goods and scrap in which a company invested. He considers inventory as lock opposite side are the user departments, w To satisfy both sides, the inventory is to b manager exercises control over i management covers a large number determining the size of the inventory to receipt and inspection procedure; determ order quantity; providing proper storage fa on obsolescence and setting up effectiv with regard to the inventories. Inventor excessive nor inadequate. If inventories ar higher storage costs would be incurre inventories may result in underutilization sales 2 . Methodology The following questions are designed fo results are discussed below For Low Level Companies: i. What kind you maintain in your company? ii. What k will you maintain in your company? iii. B will you maintain stock for equipment maintain stock for cement how much retain? v. If you maintain stock for sand h gement Sciences ______________________________ 3) ation nagement Practices in Construct Arunprakash N. and Nandhini N. Civil Engineering, Kongu Engineering college, Perundurai, Available online at: www.isca.in th March 2013, revised 17 th March 2013, accepted 1 st April 2 analyze the inventory control practices adopted by t econdary data. The main source of primary data is by blished Annual Report and stock sheets of the compan ars have been employed. Statistical tools like ABC an ducted for low level construction companies, medium tware. The secondary data is collected from mediu suggestions are given to improve the stock man data, secondary data, ABC analysis, FSN Analysis oods’. Inventory is an e awaiting conversion, eld primarily for some row’s production’. To es the value of raw -in-progress, finished y’s funds have been ked up capital. On the which clamor for more. be controlled 1 . Finance inventory. Inventory of issues including be carried; setting up mining the economic acilities; keeping check ve information system ries should neither be re kept at a high level, ed. A low level of of capacity and lower or this survey and the d of material stock will kind of material stock Based on which criteria t spares? iv. If you percentage will you how much percentage will you retain? vi. If you m how much percentage will yo for primer how much perce maintain stock for Steel ro retain? ix. If you maintain st percentage will you retain? how much percentage will y for equipment spares how m spend? xii. Are you main keeping? xiii. When will yo will make which of this follo F Schematic flowchart of t _______________ ISSN 2319–1171 Res. J. Management Sci. 7 tion Companies INDIA 2013 he construction companies. This conducting questionnaire survey ny. For the purpose of analysis of nalysis, FSN analysis are used. A m and high level companies. The um and high level construction nagement practices followed in maintain stock for coarse aggregate ou retain? vii. If you maintain stock entage will you retain? viii. If you od how much percentage will you tock for coarse aggregate how much x. If you maintain stock for bricks you retain? xi. If you maintain stock much percentage of amount will you ntaining documentation for stock ou re-order? xiv. Maintaining stock owing? Figure-1 the process routed in this work
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Study on Stock Management Practices in Construction Companies
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Research Journal of Management
Vol. 2(4), 7-13, April (2013
International Science Congress Association
Study on Stock Management Practices in Construction Companies
Department of Civil Engineering, Kongu Engineering c
Received 5th
Abstract
The main objective of the study is to analyze the inventory
analysis is based on the primary and secondary data. The main source of primary data is by conducting questionnaire survey
and the source of secondary data is published Annual Report and stock s
secondary data of five consecutive years have been employed. Statistical tools like ABC analysis, FSN analysis are used. A
separate questionnaire survey is conducted for low level construction companies,
collected data is analyzed using Software. The secondary data is collected from medium and high level construction
companies. From the data analysis suggestions are given to improve the stock management practices follo