The report is based on Inventory Management At Transcom Mobile Ltd. The purpose of this report is to understand how the company manage the inventories which affect the costing procedure.
Transcom Mobile Limited is part of the Transcom Group of Companies. The history of the company dates back to the 1885, when it started to plant tea. Since the very beginning, the company was highly successful in generating increased demand for its products which eventually justified local production. TRANSCOM today is one of the leading and fastest growing diversified business houses in the country employing over 10000 people. Transcom has a strong market focus and is anticipating continued future growth by leveraging business capabilities and importing superior product brands and markets. In particular it is very interested in developing a strong import market in Bangladesh. To meet the future demand it has invested over US 50 million dollar.
As an intern I got an opportunity to work in Transcom Mobile Limited in Corporate sales department. As a result I was assigned to do some specific tasks every day. To work in corporate sales department I also needed to communicate with other departments. I have learned a lot from this company both in organization and out of the organization.
Inventory is the physical stock of goods maintained in an organization for its smooth sunning. In accounting language it may mean stock of finished goods only. In a manufacturing concern, it may include raw materials, work-in-progress and stores etc. In the form of materials or supplies to be consumed in the production process or in the rendering of services. In brief, Inventory is unconsumed or unsold goods purchased or manufactured.
In a literal sense, inventory refers to stocks of anything necessary to do business. These stocks represent a large portion of the business investment and must be well