Problems and perspectives in inventory management of fruits and vegetables at HOPCOMS, Bangalore

Title

Problems and perspectives in inventory management of fruits and vegetables at HOPCOMS, Bangalore

Creator

Raghavendra A.N.; Amalanathan S.; Monica J.

Description

Increase in demand for Fruit and Vegetables has augmented over the years. Being perishable they are restricted to a limited life span. The time dependency on perishable commodities acts as a barrier to retain the freshness and quality in fruits and vegetables for a longer period. Therefore, Inventory management is vital to manage perishable commodities as it brings in transparency to the actual demand from the customers. The retailer being the key element in the supply chain to come in contact with the customer should follow up with techniques to manage overstocking and stock out situation. The present study focuses on bringing in inventory management in HOPCOMS, a cooperative society in Karnataka. In the road to satisfy the customers, it is necessary for the society to come up with different strategies to manage the inventories. Different inventory evaluation methods are studied in relation to perishable commodities and the factors affecting the same. FIFO (first in first out) an inventory evaluation method was found to be more efficient and must be considered practically by the retailers to manage inventories during the sales. However, with efficient infrastructural facilities, interference of state government to bring in cold storage facilities and, creating awareness regarding the actual demand for a commodity in the market, the retailer would be able to balance overstocking and stock out situation in the future. 2019, Institute of Advanced Scientific Research, Inc. All rights reserved.

Source

Journal of Advanced Research in Dynamical and Control Systems, Vol-11, No. 11 Special Issue, pp. 679-687.

Date

2019-01-01

Publisher

Institute of Advanced Scientific Research, Inc.

Subject

Efficient Infrastructure Facilities; Fulfilling Customer Orders; HOPCOMS; Inventory Valuation Method; Optimal Order Policy

Coverage

Raghavendra A.N., Department of Management Studies, CHRIST (Deemed to be University), Bangalore, India; Amalanathan S., Department of Management Studies, CHRIST (Deemed to be University), Bangalore, India; Monica J., Department of Management Studies, CHRIST (Deemed to be University), Bangalore, India

Rights

Restricted Access

Relation

ISSN: 1943023X

Format

Online

Language

English

Type

Article

Identifier

https://doi.org/10.5373/JARDCS/V11SP11/20193084

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85078355894&doi=10.5373%2fJARDCS%2fV11SP11%2f20193084&partnerID=40&md5=9a6a609683a2547a849770a0060e4d67