Inventory management in logistics by the example of the OJSC "Kommunarka"

Abstract

Today for most companies questions about effective inventory management are becoming increasingly actual and important because the annual costs of maintaining stocks make up 20 to 50% of the purchase value of the goods. In this way the main purpose of inventory management is to increase the turnover of stocks together with maximum satisfaction and customer needs. This article focuses on optimizing inventory at the OJSC "Kommunarka". The following aspects will be addressed in this article: – Inventory management on the OJSC "Kommunarka" (Republic of Belarus) and Confectionery Association "Beloved Land" (Russian Federation); – Recommendations for improving inventory management system for the OJSC "Kommunarka" based on the experience of inventory management by the CA "Beloved Land".