tailieunhanh - An empirical analysis of inventory efficiency of major refineries in India

This paper evaluates the inventory management policies of four major petro chemical industries in India. The companies were selected on the basis of turnover. The financial statements of the companies for 5 years from 2012-2016 were considered for the study. | An empirical analysis of inventory efficiency of major refineries in India International Journal of Management IJM Volume 7 Issue 7 November December 2016 432 Article ID IJM_07_07_047 Available online at http ijm JType IJM amp VType 7 amp IType 7 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication AN EMPIRICAL ANALYSIS OF INVENTORY EFFICIENCY OF MAJOR REFINERIES IN INDIA Dr. Varsha Nerlekar Associate Professor MIT School of Business Pune India Swapnil Patel Student Finance MIT School of Business Pune India ABSTRACT This paper evaluates the inventory management policies of four major petro chemical industries in India. The companies were selected on the basis of turnover. The financial statements of the companies for 5 years from 2012-2016 were considered for the study. The objective of the paper is to understand if there is any uniformity in the inventory management policies adopted by these companies. Inventory turnover ratio for these companies are computed and compared using Anova single factor Test and Tukey test to reflect the significant difference in the calculated ratios. Key words Stress management inventory management Tukey test Cite this Article Dr. Varsha Nerlekar and Swapnil Patel An Empirical Analysis of Inventory Efficiency of Major Refineries in India. International Journal of Management 7 7 2016 pp. 426 432. http IJM JType IJM amp VType 7 amp IType 7 1. INTRODUCTION The oil and gas sector is among the six essential industries in India and has a major influence on various other sectors of the economy. According to the research published by the India Brand Equity foundation India is expected to be one of the largest contributors to non-OECD petroleum consumption growth globally. Domestic refiners import of crude oil increased per cent year-on-year to around million metric tons during August 2016. .