Survey of Literature on Various Factors Affecting Inventory Management

Materials, manufacturing and marketing departments are the three major operating subsystems of any organization whether it is a production house or a service center, i.e. neither the goods producing organization nor the service providing organizations works without inventory, they have to maintain some inventory for smooth running of their businesses. In recent years, the study of inventory management has gained importance and lot of work has been done in the field of inventory management. This study provides insights to major work done on the various factors affecting inventory management.