• A. SASIKALA
• DR. M. KAVITHA

ABSTRACT This project is primarily concerned with the application of inventory control and management in the real life situation. Most of the industries and firms which are manufacturing or purchasing goods face the great challenge in managing inventories. The poor inventory management results in under or over stocking as well as high inventory cost. This paper investigates mainly the application of inventory model in determining stock control in an organization. In this investigation, at various time intervals, the combination of orders were taken because the EOQ may change according to that. This model helps the company to know when to place the new orders for each raw material and exact amount of raw materials that is in the company.

DEMAND, HOLDING COST, ORDERING COST, EOQ, INVENTORY MANAGEMENT

"APPLICATION OF OPERATION RESEARCH IN REAL LIFE CONCEPTS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.105-107, June-2019, Available :http://www.jetir.org/papers/JETIR1906017.pdf

"APPLICATION OF OPERATION RESEARCH IN REAL LIFE CONCEPTS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp105-107, June-2019, Available at : http://www.jetir.org/papers/JETIR1906017.pdf