The Purpose of this paper is to overview the Inventory management in supply chain and their current Inventory related issue in a present day business and present a conceptual methodology for related issue. The methodology based on the inventory, which are inputs for the methodology and benefits which are output of methodology. A literature review is conducted on management or control of inventory and also issues related to inventory in industry, and its various parameters. A conceptual methodology for inventory issues in present business.

Introduction

The scope of inventory management concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space, quality management, replenishment, returns and defective goods, and demand forecasting. Balancing these competing requirements leads to optimal inventory levels, which is an ongoing process as the business needs shift and react to the wider environment.