The operation of inventory management determines the efficiency of storage of products. The progress in techniques and management principles improves the moving load, delivery speed, service quality, operation costs, the usage of facilities and energy saving. Inventory management takes a crucial part in the manipulation of logistics. Reviewing the current condition, a strong system needs a clear frame of logistics and a proper inventory implements and techniques to link the producing procedures. The objective of the paper is to define the role of inventory management in logistics for the reference of further improvement. The research was undertaken to assist logistics managers, researchers and inventory planners to define and comprehend the basic views of logistics and its various applications and the relationships between logistics and inventory.
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The management of supply chain and the role and responsibilities of various persons involved varies from industry to industry. Due to which supply chain management has become a vital issue for manufacturing organizations, professionals and researchers. The ultimate aim of supply chain management is to satisfy the customer at optimum cost. Due to globalization, liberalization and advancement in new technologies supply chain has become more complex, more global and a more critical business function than ever before. In this work EOQ is determined by the junction of Ordering Cost curve and carrying Cost line. This work is a case study in optimal inventory control, applied to B Brown Medical India Pvt. Ltd. This company manufactures IV sets and sutures, right heart catheters, and chip products
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