ISSN 2394-5125
 

Research Article 


INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.

Bhargav Gautam Boruah.

Abstract
The phase wise abolition of Administered Price Mechanism from the Indian oil market and allowing both public and private sector in the refining business, has given rise to a competitive market among the oil refineries in India. In this competitive market it becomes important for the refineries to maintain inventory to accommodate the demand and supply of the market. The present study is an attempt to explore the various factors which affects the profitability of the refinery due to change in inventory level and policy of the refinery. It also studies the composition of inventory at different stages of production, which helps in understanding the quantity and amount engaged at different stages. The study is based on secondary data collected from Annual Reports of the company within 2009-10 to 2015-16 .The data collected has been analyzed through coefficient correlation and ANOVA technique. Analysis of the collected data shows that with a proper maintaining of lower inventory conversion days helps in improving the profitability of the concern.

Key words: profitability, inventory management, inventory conversion days, refinery


 
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Pubmed Style

Bhargav Gautam Boruah. INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.. JCR. 2020; 7(9): 3200-3206. doi: 10.31838/jcr.07.09.487


Web Style

Bhargav Gautam Boruah. INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.. http://www.jcreview.com/?mno=27354 [Access: May 30, 2021]. doi: 10.31838/jcr.07.09.487


AMA (American Medical Association) Style

Bhargav Gautam Boruah. INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.. JCR. 2020; 7(9): 3200-3206. doi: 10.31838/jcr.07.09.487



Vancouver/ICMJE Style

Bhargav Gautam Boruah. INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.. JCR. (2020), [cited May 30, 2021]; 7(9): 3200-3206. doi: 10.31838/jcr.07.09.487



Harvard Style

Bhargav Gautam Boruah (2020) INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.. JCR, 7 (9), 3200-3206. doi: 10.31838/jcr.07.09.487



Turabian Style

Bhargav Gautam Boruah. 2020. INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.. Journal of Critical Reviews, 7 (9), 3200-3206. doi: 10.31838/jcr.07.09.487



Chicago Style

Bhargav Gautam Boruah. "INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.." Journal of Critical Reviews 7 (2020), 3200-3206. doi: 10.31838/jcr.07.09.487



MLA (The Modern Language Association) Style

Bhargav Gautam Boruah. "INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.." Journal of Critical Reviews 7.9 (2020), 3200-3206. Print. doi: 10.31838/jcr.07.09.487



APA (American Psychological Association) Style

Bhargav Gautam Boruah (2020) INVENTORY MANAGEMENT AND PROFITABILITY: A STUDY OF NUMALIGARH REFINERY LIMITED,ASSAM.. Journal of Critical Reviews, 7 (9), 3200-3206. doi: 10.31838/jcr.07.09.487