Inventory Management Dilemma at Super Cement
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Code : FAC0056
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Region : India
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Abstract: The case discusses the inventory management issues faced by Super Cement Private Limited (Super Cement). It starts with the dilemma faced by S Lakshmi, founder of the company. Lakshmi was concerned with the rising cost of maintaining inventory, especially limestone, the main raw material used in producing cement. She wanted to optimize the cost of inventory for the company. She was also concerned about the gap between the time the order was placed for limestone and the time it was received. She called Minal, Finance Manager with Super Cement, and asked her to come up with the solution for various issues related to inventory management at Super Cement. The case helps students understand various concepts related to inventory management like how to calculate Economic Order Quantity (EOQ), Modified EOQ, re-order point, and safety stock. |
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Pedagogical Objectives:
Keywords : Economic Order Quantity; EOQ; Modified EOQ; Re-order point; Safety stock; Inventory; Inventory management; Carrying cost; Material Cost
