Analyzing the Impact of Inventory Management System on Economic Growth of Manufacturing Firms in India

Abstract

Inventory management acts a strategy weapon for the economic growth of every manufacturing firm. The present study revealed proper inventory managment practices leads to efficiency in operation, cost reduction and nurturing competitive advantages. Study is based on  data collected from 120 respondents from different manufacturing firms  having proficency in inventory managment practices. Findings of this research article reveal that economic performance of a firm increases through proper implementación of inventory management.The study had a practical implementation in manufacturig  firms which can be extended to others sectors.