Inventory Management of Raw Material in Indian Jute Industry –A Study: Part 1
Abstract
Statistically significant positive correlation exists between Raw Jute requirement at production process and the Raw Jute issued from the ware house. Quantities of purchased Jute are positively correlated with Jute Requirement at process, Jute issue from ware house and Raw Jute Stock at Warehouse. Only Jute issued is statistically Significant positive moderate correlated with quantity of purchased Jute. Multiple Regression model also proves such hypothesis. At any point of time future Jute purchased quantity for manufacturing process will depend on quantity of Jute issue from warehouse.
Keywords: Requirement, Issue, Stock, Purchase, production, Regression.   ÂReferences
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