Inventory Management System

Abstract

Over 23 business units of Akij Group in different sectors with Jute mills, Cement, Flour mills, Particle board, Housing, Textile, Ceramics, Shipping, Biax Films, Printing industry, Plastics, Poly Fiber, Bakers, Zarda, and Match. The report is composed on "Inventory Management System” of Akij Food & Beverage Ltd. AFBL has a large products line like mineral water, energy drinks, different types of juices, chips, various types of beverage and pasteurized milk. To maintain this great product AFBL built a strong network across the country. Akij Food & Beverage obtained additional facilities because it operated under the shadow of Akij Group, which is one of the largest group of companies in Bangladesh. The entire report has been divided into three parts: Overviews of the Akij Group and its business units the first Part involves functional and operational elements. Starter of various SKUs, and basic inventory items of Akij Food & Beverage Ltd (AFBL). Second Part, represents the analysis of AFBL’s overview followed by SWOT, Porter’s Five-force analysis and Kraljic Model based valuation. Third part contains in-depth study of the research work organized as per research “Inventory Management System”. This report provides a non-technical survey of the position of inventory management systems. The central theme is a list of practical problems that need research and investigative attention. These issues arise in the diagnostic, design, forecasting, system performance and implementation phases of real-life inventory management development projects. The report describes many of the detailed aspects of such projects and looks at where operations study has not yet provided a sufficient scientific basis to judge the merit of pragmatic alternatives to address these problems.