CHAPTER ONE

General introduction

Bobdidy Digital Plastic Ltd deals with business of importers, exporters, manufacturers, agents and representative and dealers in all kinds of plastic raw materials and products. To carry on business of plastic raw materials, resin, goods and articles connected with the plastic manufacturing industry.

1.      Introduction

Warehousing involves the storage of goods and materials in designated facilities. It plays a crucial role in supply chain management, and as such it plays some functions as storage, inventory management, distribution center and value added service. Although with the presence of technology it proves warehousing is not enough there by bringing out it’s challenges.

Stock management is also known, as inventory management, it involves the overseeing and controlling the ordering, storage and the use of a company inventory. Inventory management it is a vital part of running a business that wants to be outstanding amongst it’s competition and to ensure adequate storage in their supply chain system. Stock management is important because it ensures space optimization in the warehouse, provide just in time supplies, ensures inventory protection.

To attain company growth every company must ensure it has a powerful stock or inventory management system.

From the analysis of how stock management influences the growth of an industry it is an important achievement leading to the satisfaction of customers. It’s a compulsory to manage inventory so as to handle finished products, materials and supplies everyday. The availability of resources, tools and stock management personnel it’s important to understand how stock management improves the company. Therefore it is important to know how stock management can help or damage the company in a long run.

2.      Aims and objective of the study

1. Aim of the study

–To examine stock management and enterprise growth of plastic production company.

-To blend theory to practical working environment

2. Objectives of the study.

-To know how proper stock management of inventory can affect the performance in Bobdidy digital Plastic

-To know how stock managers handle inventory.