CHAPTER 3 INVENTORY MANAGEMENT : CONCEPT, PRACTICES, TECHNIQUES, POLICIES AND ACTUAL PRACTICES. Synopsis A. Inventoiy Management - An Overview : a. Literature Review On Inventory Terminology b. Types of Inventories c. Reasons for Holding Inventory d. Cost Associated with Inventory e. Inventories as a Means of Increasing ROI B. Inventory Management Concept: a. Principles of Inventory Management b. Logistic Inventory Management c. Importance of Inventory Management in Indian Context C. Inventory Policies, Practices and Techniques D. Inventory Operations : a. Forecasting and Planning for Inventory b. Purchasing - Concept Policies, Methods c. Store Keeping - Functions, Issue Procedure, Storing Policies and Stores System, Methods of Issue E. Inventory Control: a. Policies for Replenishment of Inventories b. Inventory Analysis - Types of Analysis c. Inventory Levels d. Practices for Inventory Identification and Verification, Classification and Codification of Inventory e. Inventory Stock Taking / Verification f. Inventory Audit System