Inventory Management Practices in Bangladesh: A Case Study on “Process and Operation Paper Industries of Several Companies.

Abstract

This thesis report investigates the Inventory Management Practices in Bangladesh: A Case Study on “Process and Operation Paper Industries of Several Companies.” aiming to assess their impact on operational efficiency, cost management, and customer satisfaction. As the demand for Paper continues to grow, driven by its versatility and application in sectors like construction and manufacturing, effective inventory management has become crucial for maintaining competitiveness in this dynamic market. The study begins with an exploration of the theoretical framework surrounding inventory management, referencing key concepts from established literature, including strategies such as Just-In-Time (JIT), Economic Order Quantity (EOQ), and safety stock management. The research methodology involves a case study approach, focusing on selected Paper through interviews with industry companies in Bangladesh. Data was collected professionals and analysis of inventory records and performance metrics. Key findings reveal that while many Paper companies have implemented basic inventory management practices, significant challenges persist, including demand variability, supply management disruptions, and rising raw material costs. These factors often lead to inefficiencies, such as excess inventory and stockouts, which adversely affect customer satisfaction and profitability. The study highlights several opportunities for optimization within the inventory management processes of the Paper industry. Recommendations include the adoption of advanced forecasting techniques, improved management, and the integration of technology to enhance visibility and control over inventory levels. Additionally, the research suggests that developing a robust inventory management framework tailored to the specific needs of the Paper sector can lead to substantial improvements in management performance. Ultimately, this thesis aims to provide valuable insights and actionable recommendations for industry stakeholders, helping them navigate the complexities of inventory management in the Paper industry and enhancing their overall operational efficiency. The findings contribute to a better understanding of the critical role inventory management plays in sustaining the growth and competitiveness of the Paper sector in Bangladesh.