Improved Inventory Management System for a Jute Mill – A Case Study

α
Md. Arafat Hossain
Md. Arafat Hossain
σ
Shubhra Kanti Das
Shubhra Kanti Das
ρ
Kawser Hossain
Kawser Hossain
Ѡ
Joyanta Paul
Joyanta Paul
α Khulna University of Engineering and Technology

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Improved Inventory Management System for a Jute Mill – A Case Study

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Abstract

This project work has been carried out for investigating the existing Inventory Management system of the Eastern jute Mills Limited,Khulna, Bangladesh. Eastern Jute Mills Limited manufactures jute products such as hessian, sacks, and jute carpet backing clothes. Itwas founded in 1967 and is based in Khulna, Bangladesh. It also operates as a subsidiary of Bangladesh Jute Mills Corporation. Forinvestigating the Inventory related data and information, the necessary data has been collected from this Jute Mill. By close look of thepresent inventory management system and discussing with the executive personals of the Eastern Jute Mills Limited, Khulna, A clearconception of the existing Inventory Management system has been gained. ABC analysis has been carried out for annual demand. RawJute purchasing procedure has been examined and storing procedure has been observed by close observation to find out the majordrawback of the existing inventory management system. Finally it has been focused to suggest an improved Inventory Managementsystem for the Eastern Jute Mills Limited, Khulna.

References

8 Cites in Article
  1. Kostas Dervitsiotis (1981). Operation Management.
  2. Larry Ritzman,Krajewski,J Lee (2007). Larry P. Ritzman.
  3. Geoff Relph,Fiom,Inventory Matters Limited,Witek Brzeski (2002). The first steps to inventory management.
  4. S Zetie (1990). Spriggs, Leslie, (22 April 1910–22 May 1990), JP.
  5. E Goldratt (1993). The Goal.
  6. V Temeng,P Eshun,P Essey (2010). Application of Inventory Management Principles to Explosive Products Manufacturing and Supply -A Case Study.
  7. William Stevenson (1999). R.A. Foulke. Practical Financial Statement Analysis. Sixth Edition. McGraw-Hill Accounting Series. New York, London, Sydney, McGraw-Hill Company, 1968, xxi p. 714 p., $5.2.6..
  8. M Muller (2003). Essentials of Inventory Management" United states of America.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Md. Arafat Hossain. 2014. \u201cImproved Inventory Management System for a Jute Mill – A Case Study\u201d. Global Journal of Research in Engineering - A : Mechanical & Mechanics GJRE-A Volume 13 (GJRE Volume 13 Issue A10): .

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Journal Specifications

Crossref Journal DOI 10.17406/gjre

Print ISSN 0975-5861

e-ISSN 2249-4596

Version of record

v1.2

Issue date

January 13, 2014

Language
en
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This project work has been carried out for investigating the existing Inventory Management system of the Eastern jute Mills Limited,Khulna, Bangladesh. Eastern Jute Mills Limited manufactures jute products such as hessian, sacks, and jute carpet backing clothes. Itwas founded in 1967 and is based in Khulna, Bangladesh. It also operates as a subsidiary of Bangladesh Jute Mills Corporation. Forinvestigating the Inventory related data and information, the necessary data has been collected from this Jute Mill. By close look of thepresent inventory management system and discussing with the executive personals of the Eastern Jute Mills Limited, Khulna, A clearconception of the existing Inventory Management system has been gained. ABC analysis has been carried out for annual demand. RawJute purchasing procedure has been examined and storing procedure has been observed by close observation to find out the majordrawback of the existing inventory management system. Finally it has been focused to suggest an improved Inventory Managementsystem for the Eastern Jute Mills Limited, Khulna.

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Improved Inventory Management System for a Jute Mill – A Case Study

Md. Arafat Hossain
Md. Arafat Hossain
Shubhra Kanti Das
Shubhra Kanti Das
Kawser Hossain
Kawser Hossain
Joyanta Paul
Joyanta Paul

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