ANALYSIS OF INVENTORY MANAGEMENT IN A SUPPLY CHAIN BY USING ECONOMIC ORDER QUANTITY (EOQ) MODEL

The management of supply chain and the role and responsibilities of various persons involved varies from industry to industry. Due to which supply chain management has become a vital issue for manufacturing organizations, professionals and researchers. The ultimate aim of supply chain management is to satisfy the customer at optimum cost. Due to globalization, liberalization and advancement in new technologies supply chain has become more complex, more global and a more critical business function than ever before. In this work EOQ is determined by the junction of Ordering Cost curve and carrying Cost line. This work is a case study in optimal inventory control, applied to B Brown Medical India Pvt. Ltd. This company manufactures IV sets and sutures, right heart catheters, and chip products