Inventory Management Issues in Indian Steel Industry: A Qualitative Study
Keywords:Inventory Management, Inventory Management Practices, Inventory Issues, Indian Steel Industry
Inventory management in Indian steel industry is felt as one of the unexplored area in terms of research practices. This study attempts to understand the major aspects of inventory management of Indian steel industry like major inventory management issues prevalent in steel firms, and impact of these issues, drivers, barriers, and possible measures that may help to resolve these issues. This study is based on an exploratory qualitative study of major Indian steel firms. The narratives reveal six major themes: Inventory management practices; Inventory issues in the steel industry; Major drivers for effective inventory management in Indian steel industry; Major barriers for the implementation of effective inventory management techniques including the implementation of ERP/MRP to manage inventories; Impact of inventory issues; Inventory control techniques to resolve these issues.
Tang, L., Liu, G., and Liu, J., (2008), Raw material inventory solution in iron and steel industry using Lagrangian relaxation. Journal of the Operational Research Society, 59, 44-53.
Badvar Dnyandev Vishvas and Sandeep Kumar (2014), Implementation Issue of JIT (Just in Time) in Indian Steel Industries, Asian Mirror – International Journal of Research, Volume – I, Issue – III,81-94.
SU Wenbo(2013),Measures to Improve the Inventory of Steel Industry in Supply Chain Environment, Management Science and Engineering, 2013, Vol. 7, pp. 90-98.
Cynthia Wallin, M. Johnny Rungtusanatham, Elliot Rabinovich (2006), What is the “right” IM approach for a purchased item? International Journal of Operations & Production Management, 26(1),50-68.
HarithaSaranga, ArnabMukherji, Janat Shah (2015), Inventory trends in emerging market supply chains: Evidence from the Indian automotive industry, IIMB Management Review, 27, 6-18.
Shri Swami Samarth, Procurement & Disposal Services in Steel Industry, India Engineering, 1-8.
Hong Chen, Murray Z. Frank, Owe n Q. Wu (2007), U.S. Retail and Wholesale InventoryPerformance from 1981 to 2004, Manufacturing and Service Operations Management, Vol. 9, No. 4, pp. 430–456.
DenisaFerenčíková(2014), IM in Small and Medium-Sized ManufacturingCompanies and Its Main Dilemmas. Proceedings of the 2014 International Conference on Industrial Engineering and Operations ManagementBali, Indonesia, January 7 – 9,756-762.
NsikanEfiok John, John Joseph Etim, and Tommy UduakIme(2005), IM practices and operational performance of flour milling firms in Lagos, Nigeria, International Journal of Supply and Operations Management, Volume 1, Issue 4, pp. 392-406 ISSN-Print: 2383- 1359 ISSN-Online: 2383-2525 www.ijsom.com
Hong Chen, Murray Z. Frank, and Owen Q. Wu (2005), What Actually Happened to the Inventories of American Companies Between 1981 and 2000? Management Science, 51(7), pp. 1015-1031.
K.N Prasad, (Miss) A.M. Swaminathan, R.G Parkar (1996), Import related IM in Indian economy, International Journal of Production Economics, Volume 45, Issues 1–3, Pages 215-222.
A.M Swaminathan (2001), Structural reforms and IM: Evidence from Indian industries, International Journal of Production Economics, Volume 71, Issues 1–3, Pages 67-78.
Dimitrios P. Koumanakos(2008), The effect of IM on firm performance, International Journal of Productivity and Performance Management, 57(5), 355-369.
Raymond Musyoka Munyao, Vincent Ochieng Omulo, Mercy Wambui Mwithiga, and Bellah Chepkulei (2015), International Journal of Economics, Commerce and Management, United Kingdom, Vol. III, Issue 5.
steel authority of india limited, Conversation with Sushil Kumar Roongta, INDORE MANAGEMENT JOURNAL, VOLUME 2, ISSUE 4, pp-6-14.
Vikas Dhoot, Coal production surges 11% in first 45 days of 2015-16 amid core sector misery, the economic times, May 20, 2015, retrieved from -economictimes.html.
The author is Director, CRISIL Research, Demand slowdown, overcapacity loom large on Indian steel player profitability, the Hindu, December 29,2013, retrieved from-The.Hindu.html.
Narendra Nathan, Due to inventory pile up and price stagnation, few takers for new homes in Mumbai and Delhi, the times of india,apr 16, 2015,retrieved from-The.TimesofIndia.html.
Farzaneh, D. P. (2012). The Effect of inventory management on firm performance. International Journal of Productivity and Performance Management, 57(5), 355-369. Improving Your Inventory Management By Mnp
Partovi, F. Y., & Anandarajan, M. (2002). Classifying inventory using an artificial neural network approach. Computers and Industrial Engineering, 41 (2002), 389–404. Indian steel industry loses out to cheaper imports in fiscal 2015, Livemint.html
The Financial Express (2014, JUNE 23). Steel sector key to translating Make-in-India vision into reality. Retrieved 2015, JAN 19 from. http://www.financial express.com.
Inventory Control in A Build-To-Order Environment, A Thesis Presented to The Academic Faculty by Melda Ormeci Challenging times for Indian steelmakers. January 08, 2014 Bloomberg.
Taylor, S.G., Bolander, S.F., 1997. Process flow scheduling: past, present, and future. Production and Inventory Management Journal 38 (2), 21–25.
Oke, A., 2003. You may not use inventory levels to fill orders ify: Evidence from a survey of UK manufacturing plants. International Journal of Production Economics 81–82,85–94.
Measuring and reducing inventory exposure in the supply chain,white paper ,john holten of symphony consulting
Smart Inventory Management: A Solution for Ensuring a Steady Supply of Custom Parts, By Richard Puglielli Co- written and edited by Sharon Scaramella
Symbiosis Institute of Management Studies Annual Research Conference (SIMSARC13) Inventory Management Challenges for B2CE-Commerce Retailers Harish Patila; Brig. Rajiv Divekarb *
Trends in inventory management M.C. Bonney, Int. J. Production Economics 35 (1994) 107-l 14
U.S. Retail and Wholesale Inventory Performance from 1981 to 2004, Hong Chen, Murray Z. Frank, Owe n Q. Wu, MANUFACTURING & SERVICE OPERATIONS MANAGEMENT  Determinants of Inventory Investment Behaviour in Iron and Steel Industry in India: An Econometric Analysis Dari Shisha War Thangkhiew
Georgios D.Kolias a,n, SophiaP.Dimelis b, VasiliosP.Filios c( An empiricalanaly sisofinventory turnover behaviour in Greekretailsector:2000–2005, Int. J. Production Economics.
Input and Output Inventory Dynamics Yi Wen, Research Division, Federal Reserve Bank of St. Louis, Working Paper Series
Janesick, V. J. (1994). The dance of qualitative research design: metaphor, methodology, and meaning. In N. K. Denzin, & Y. S. Lincoln (Eds.), Handbook of qualitative research (pp. 209e219). Thousand Oaks, CA: Sage Publications Inc.
Miles, M. B., & Huberman, A. M. (1994). Qualitative data analysis (2nd ed.). Sage Publications.
Strauss, A. L., & Corbin, J. M. (1998). Basics of qualitative research: Techniques and procedures for developing grounded theory (2nd. ed.). Newbury Park, CA: Sage Publications. "Indian Steel Industry Analysis". Ibef.org. Retrieved 2016-01-07.
An Overview of Steel Sector http://steel.gov.in/overview.htm Steel.gov.in. 1992-01-16. Retrieved 2016-01-07.
How to Cite
All articles published in Journal of Advances in Linguistics are licensed under a Creative Commons Attribution 4.0 International License.