National Park Service Essays - Protected Areas,

National Park Service Topic: The National Park Service will continue to play an important role in twenty-first century society. Abstract: Those with a sense of destiny cried not exploitation, but preservation of America's land. This belief created the first National Park and later the National Park Service to protect it and the lands that were to be added. The National Park Service will continue to protect the land and provide for the common good so visitors can enjoy the freedom of nature and see the unspoiled earth, as man first knew it. One country, one land bursting with life beholds the unspoiled beauty in America's National Parks. Those citizens with a sense of destiny cried not exploitation, but preservation of the land. In 1872, Congress set aside two million acres of land to established the first national park, Yellowstone (Questar). Congress had vision to preserve the natural wonder of the land for the enjoyment of all Americans. It was called ?the best idea America ever had.? Believing in this vision, Woodrow Wilson signed legislation to form the National Park Service in 1916 to protect the lands set aside by Congress. As the National Park System began to grow from 7.5 million acres of land to 80.1 million acres, measures had to be taken in order to establish rules and limitations within the parks. The National Park System contains some of the most important and largest natural preservations in the country: millions of acres of old untouched forests, wildlife reservations, lakes, and other natural beauties a re preserved and protected as national treasures (Lovett 10). Allowing people access to the parks could harm the land in which Congress strives to protect. The question is how can the spirit of the land be preserved without taming it and is it possible to for the parks to be enjoyed and protected at the same time? The National Park Service serves the common good of the parks by ensuring that the community members have access to the park resources, and by ensuring that park resources are protected for the benefit of the future generations (12). This is not an easy task to achieve. It is the responsibility of the National Park Service to make certain that the parks can be enjoyed and preserved; but on the other hand it is the responsibility of visitors to respect the land as if it was their own. The responsibility of the park service requires such duties as maintaining safe and pleasant visitor accommodations and providing visitors with information (maps and guides) to educate them about the park so they can fully experience the beauty and importance of a natural environment. The park service cares whether if the visitors have a nice vacation while in the parks (Sellars 14). That is why they make efforts to educate people about the parks, encourage visitation, serve the interests of both the vis itors of today and of the future, and to make in the informed decisions about the land. By continuing to protect the parks against the wear and tear of use so that the original values of each park remain intact for each visitor the National Park service will continue to play an important role in the twenty-first century. The national park system serves the individual needs of our country and our land. These needs provide tourism and vacationing, the opportunity to interact with nature, enjoyment of cultural and historical monuments, and physical exercise (Lovett16). The contributions of the park system are valued as common goods to the country. As long as the park service continues to provide their efforts to keep the parks looking beautiful and consistent with nature, America will always have a place of refuge in common. In cooperation with the legislation passed by government, the National Park Service will continue to play an important role in American society by protecting our mountains from being striped, trees cut, and water tainted (Cong 27). Without the aid of Congress and the Park Service, America's beautiful land could be thrashed and misused, in which case people of the future would not be able to enjoy the majestic grandeurs of America. The influence of the National Park Service in America has spread to other countries. Without a doubt,

buy custom Cup Cake Business essay

buy custom Cup Cake Business essay Mission statement Our mission at Blue Cream Cakes Investments is to make social functions tasty, creamy and sweet experiences to both confectionery and passive consumers of the same. We pride in delighting cup cake enthusiasts with high quality products taking into consideration a variety and customized brands to satisfy a wide range of customer preferences. With our detailed survey report concerning the rising number of both active and passive confectionery fans; who would not mind having tasty but cheaper confectionery to match those moments of celebration, we intend to reach out to them at all convenient venues to satisfy their needs. Vision Statement Four years from now, Blue Cream Cakes Investments will be one of the best suppliers of cheap but quality confectionery especially cup cakes within the country with a fully satisfied customer base. This should translate to annual revenues of over one million by being consistent in timely delivery, reasonably priced products and organizing thrilling events for both active and passive confectionery enthusiasts. This should boost the societys interest in Bakery through encouraging more of the population to shift from passive to active confectionery enthusiasm. Executive Summary; management strategy The Blue Cream Cakes Investments is a small business venture that operates in the university. The venture is in its pilot state and run by Shneda Edgar an all round Confectionery enthusiast. He is an experienced Baker of quality cup cakes and other confectionery both as a hobby and occasionally provides upon request services to match specific occasions within the institution and interested external clientele. He is familiar with the citys community festivals and seasonal needs and has an advantage of an intensive network of all events within and around the institution. The current target market has no serious competition basing on a study that clearly indicates that no individual or institution had seriously considered institutional celebrations within the city except for the beverages and brewery industry (Cohen, 2006). This is with respect to their short notices and our need to market our Bakerys quality product with minimal advertisement costs. The niche is cut by the fact that consumers only consider a variety in confectionery long after confirming the price levels with regards to the quantity, size and quality on confectionery. Provision of cheaper but excellent quality cup cakes should encourage more active consumption thus an enlarged consumer market. This can also be seen as a forum of offering excellence personal training for confectionery enthusiasts the opportunity for good cake sampling techniques. Therefore they will be able to differentiate our quality products from other available products from possible competitors thus build on bran d loyalty (Kennedy, 2000). Through provision of high standards of staff training within the city, Blue Cream Cakes Investments intends to command personalized customer attention at an affordable price hence a great business opportunity (Kennedy, 2000). The director has secured a central location in the city for easier correspondence with external customers. This should provide a collection point easily accessible from any part of the city through all available means of transport. Proper shop layout combined with Students knowledge and interest should make Blue Cream Cakes Investments a worthwhile and profitable venture. Situation Analysis (SWOT) Blue Cream Cakes Investments is a start-up business currently operating at a low level thus marketing is an integral aspect in its prosperity and subsequent financial gains in high revenues (Cohen, 2006). The venture provides a wide variety of confectionery with specialization being in cup cakes, randomly for new customers and on order placement by existing customers. The basic demand of the market is top quality and reasonably priced cup cakes for all round celebrations. Blue Cream Cakes Investments through extensive market research has information about common desires of the market base which consists of busy customers either studying or working that have serious time constraints to purchase desired confectionery. This is reiterated through our existing loyal customers hence Blue Cream Cakes Investments intends to take advantage of this knowledge to fully exploit the untapped customer bases through expansion plans which includes door to door marketing and delivery networks. The acronym SWOT stands for Strength, Weaknesses, Opportunities and Threats within any existing competitive market (Debelak, 2000). Our analysis highlights key strengths and weaknesses and further indicates threats and opportunities Blue Cream Cakes Investments is likely to face. Strengths A strong working bond with suppliers and producers of ingredients which enables us to meet our orders in good time. Exceptional location which is mre accessible through all mode of transport in the city (Kennedy, 2000). Properly trained staff members in customer service that are trustworthy and highly efficient in meeting deadlines, thus ensuring a huge chunk of our income comes from repeat business. Weaknesses Blue Cream Cakes Investments has a limited financial outlay to meet branding requirements which is important in our expansion program. It is costly to acquire quality cooking equipment used in mass baking and also train more employees with regards to our current target market. Opportunities An expanding market that is significant in terms of our financial projection that has limited knowledge about Blue Cream Cakes Investments existence. An increasing number of the citys population that are constantly hosting celebrations and social occasions with restricted and low budgets. There is a high profit margin with considerably static costs which makes it easy for budgeting and operational planning. Stiff competition that originates from web based companies who offer constant discounts. Struggle in always having fresh products for the expanding market. Threats Market Needs The venture intends to provide a wide variety of confectionery products which should be able to address most if not all the customer needs. We intend to also have communication options through our website whereby our customers can input their order specifications in good time for maximum satisfaction of their needs to be achieved. The store will be open for reasonable and fluctuating extended hours suitable for any prevailing social events. Further accessibility will be enhanced through our website for special delivery considerations. We intend to maintain and improve quality standards and from time to time provide extra magical moments to our customers through bonus gifts and surprise prizes (Cohen, 2006). Apart from the normal profit pricing factors, our products will be priced according to the celebration atmosphere in the specific times of the annual calendar. This is a unique way of considering emotions in pricing thus a sure point of attracting and retaining clientele. Market Trends The prevailing trend in the confectionery industry is to acquire quality products at a good discount. Blue Cream Cakes Investments has the ability to exploit this because whether new or existing clients, we will provide for extra and free supplies basing on economies of scale that can generally yield high profits at any reasonable discounting rate. Competition At the moment there exists no known serious competition within the city. The bulk of competition arises from scattered general traders who do not specifically bake their own products but retail for other bakers existing outside the city. The competition further deals in bulk consignments that are majorly composed of products suitable for large scale consumption by institutions and large scale dealers like super stores. These products are mostly of uniform nature and luck much in diversity to suit the highly varied customer base in terms of taste. Marketing Mix Elements: Pricing Blue Cream Cakes Investments intends to minimize expansion costs by selling through the consignment contracts whereby we will partially collect ingredients and only pay suppliers after sale of final products. This will fluctuate with the market demand. With proper savings and business establishment, we intend to also deal in a few beverage products to further address any new needs of our existing and most prized customers. Basing on our existing citys consumer base, our positioning in the market will highly rely on excellent customer care that will deliver quality cup cakes that are not common in the city. This is strengthened by the fact that our niche is not explored extensively and our pricing is negotiable between us and the suppliers and might change due to prevailing circumstances in the market. The consignment contract of ingredients gives us room to cover from any financial setbacks in the market hence only pay for storage before considering our suppliers. Pricing As discussed, our startup business has two major pricing objectives which include: To increase our customer base from the university by taking care of other city dwellers too thus increasing our market share. To increase the quantity in sales volume as we target a larger market share. Pricing constraints are those factors which hinder or control our process of setting prices (Debelak, 2000). These factors introduce boundaries and other limits which we have little or no power to decide against them. Some of the possible pricing constraints are: Customers demand will be a major determinant of the set prices because if it goes up we will raise our prices and if it goes down, cup cakes being perishable, we will have no choice but to lower prices in order to move sales volumes and avoid loses. Our Break-even point will determine our least price even in the wake of lower price demands by customers. The customers sometimes determine the price ceilings basing on prevailing market prices in the same industry. This will also affect any additional costs absorption incurred for quality thus controlling our pricing. Our 3 possible sales prices per unit will be; 1, 2 and 3 dollars. The variable cost per unit is 0.5 dollars. The total fixed expenses are 100 dollars. Break-even point can be computed by finding that place where the total sales are equal to the total costs of sale and therefore neither profit nor loss is incurred (Cohen, 2006). Therefore: Sales= Cost of sales. Sales= Variable expenses + Fixed expenses+ profit Sales @ 1 dollar/unit Sales @ 2 dollars/unit Sales @ 3 dollars/unit 1Q= 0.5Q+ 100+ 0 1Q- 0.5Q= 100 0.5Q= 100 Q= 100/0.5= 200 units 2Q= 0.5Q+ 100+ 0 2Q-0.5Q= 100 1.5Q=100 Q= 100/1.5= 66.7 which is 67 units. 3Q=0.5Q+ 100+ 0 3Q-0.5Q= 100 2.5Q= 100 Q= 40 units. 200 units 67 units 40 units Graphical Representation of the 3 break-even points Basing on my diagram, the fixed cost (F. C) is at $100 at all production units. The variable cost (V. C) is worth half a dollar for each unit. Therefore Total cost (T. C) curve is a combination of the F.C curve and V.C curve. It should be noted that the V. C is constant thus at the breakeven level for the: $1 sales price per unit, the value of total cost will be; $100+ 0.5Q. Q = 200 thus T.C= ($100+ 0.5*200). T. C= $ 100+$ 100= $200. Therefore for $1 price per unit, the BEP will be at the 200 units of sales and $200 sales value. The BEP is at P1. $2 sales price per unit will yield a BEP at 67 units of sales and a sales value of ($100+ 0.5*67) which is $ 133.50. The BEP is at P2. $3 sales price per unit will yield a BEP at 40 units of sales and a sales value of ($100+ 0.5*40) which is $ 120. The BEP is at P3. In case the prices adjust reasons being demand, cost, profit or competition oriented, the only way to stay ahead is to ensure we either minimize our expenses/costs or increase our profit margin thus our break even points will shift to the right side but upwards meaning an increase in sales volume but a decrease in prices. Discounts, allowances and geographical adjustments call for an increase in sales volume too, so as to carter for any dip in our current profits thus the BEP will shift to the right but upwards. Therefore my new prices will be: Sales @ 0.6 dollar/unit Sales @ 1.8 dollars/unit Sales @ 2.6 dollars/unit 0.6Q= 0.5Q+ 100+ 0 0.6Q- 0.5Q= 100 0.1Q= 100 Q= 100/0.1= 1000 units 1.8Q= 0.5Q+ 100+ 0 1.8Q-0.5Q= 100 1.3Q=100 Q= 100/1.3= 76.9 which is 77 units. 2.6Q=0.5Q+ 100+ 0 2.6Q-0.5Q= 100 2.1Q= 100 Q= 47.6 which is 48 units. 1000 units 77 units 48 units Basing on the change in environment considerations, our final price will be at $1.8 per unit. Controls The purpose ofBlue Cream Cakes Investmentsmarketing plan is to guide the venture into profit maximization and customer satisfaction hence proper monitoring of Revenues and expenditures on a monthly and annual basis. Conclusion Blue Cream Cakes Investments new market segment and small scale start up does not enable it to have constant financial projections but with the expansion vision we intend to establish a permanent finance and budgeting department. We have consequently established an office space in the City centre fully equipped with the resources to seriously embark on all our departments this year. Buy custom Cup Cake Business essay

Innovation and Creativity and Enterprise Research Paper - 1

Innovation and Creativity and Enterprise - Research Paper Example Through illustrations to back up this statement, the article shows how viable this notion by Schumpeter is; decades after its realisation. Emirates Airline is the national flight company of the emirates of Dubai that was established in 1985. The airline is located at Dubai International Airport and it also serves the United Arab Emirates. With regard to the number of passengers ferried, Emirates Airline is the largest airline globally and the fastest developing with expansions across all continents. The fleet largely comprises of Airbus and Boeing crafts. The Airbus A830 is the prime passenger carrier in the fleet. The flights cover various destinations around the world such as: Middle East, Africa, South Asia, North America, Europe and Australasia. The air shipping segment serves over 40 terminuses (Centre for Aviation). The airline industry in the Middle East, like anywhere else is subject to cyclical fluxes. Emirates Airline has experienced various hurdles and overcome them to gain its current standing. Technological and economical innovation are a part of the strategies assumed by the airline in a bid to stay ahead of the competition. Joseph Schumpeter acknowledged innovation as the critical dimension of economic development. According to Joseph, market power and entrepreneurial activities rely on innovation for them to flourish. The short lifespan of certain technologies is the catalyst that provokes development in various industrial fields for it creates a temporary monopoly in the market that the rivals compete to outdo. He believed that the innovation process was driven by major firms that spared no expense in research and development undertakings (McGraw 2007, pp. 4-6). The innovation theory formulated by Joseph has in varied forms been implemented by Emirates Airline in its brand positioning and market entry approaches. In the

Real chocolate company Essay Example | Topics and Well Written Essays - 2750 words

Real chocolate company - Essay Example The company sells its products through retail stores both company owned and franchised. It produces wide variety of chocolates (that caters to the different tastes of the customers) at the company owned factory and delivers the same, to stores in a cost effective manner. The products such as fudges and caramel apples are made within the store in order to maintain the freshness. The convenience and the suitable tastes of the products are directly correlated with the number of foot-falls in the stores and overall sales. The key stakeholders of the company include all franchisees, employees, company owners and customers. With the company deriving a 72 percent of revenues by selling the products to franchisees, the satisfaction of the franchisees stands crucial for the company in order to keep the sales growth intact in future years. Also, keeping abreast of the changing consumer preferences is becoming a must. While the company sales growth and financials appear sound, many smaller and similar sized companies having variety of product offerings, fast changing consumer eating habits with rising income levels, aggressive marketing strategies of market leaders, maturing and fragmented nature of the industry is posing challenges for the company to maintain its current growth. This report evaluates the various external and internal factors related to the company’s business, and presents a strategic solution for the current problem faced by the company. The analysis of the five competitive forces (suggested by Michael porter), viz. threat of new entrants, threat of substitution, bargaining power of buyers, bargaining power of suppliers, and rivalry among the existing companies, better explains the nature of confectionery industry and provides the basic road map to develop a competitive strategy for The Real Chocolate Company (Porter, 1998). The factors like, lack of

Libyan Negotiations to Join the World Trade Organization Dissertation

Libyan Negotiations to Join the World Trade Organization - Dissertation Example The World Trade Organization was developed as the successor of the General Agreement on Tariffs and Trade (GATT). The General Agreement on Tariffs and Trade or GATT was initially developed as an international organization dealing with multilateral agreements that focus on economic cooperation on a worldwide level. It was developed together with the Bretton Woods institutions – the International Monetary Fund and the World Bank. When it was established, the General Agreement on Tariffs and Trade were merely composed on twenty-three members. As time passed by, the membership therein has increased to fifty which in turn also launched the initiatives pertaining to the establishment of the World Trade Organization. As reflected in the earlier parts of this introduction, the establishment of the World Trade Organization is premised on its capacity to enforce global trading by providing important rules and regulations related thereto. The proponents of the World Trade Organization ha ve then been responsible for the development of the charter of the former. In the same manner, they are also given the task to come up with bilateral or multilateral agreements that cover the following in the international arena: (1) labor, (2) business practices, and (3) investments. Finally, the members of the World Trade Organization are also concerned with the significant reduction of trade restrictions so as to be able to properly implement the tenets of free trade, as envisioned by the World Trade Organization.... ablishment of the World Trade Organization is premised on its capacity to enforce global trading by providing important rules and regulations related thereto. The proponents of the World Trade Organization have then been responsible for the development of the charter of the former. In the same manner, they are also given the task to come up with bilateral or multilateral agreements that cover the following in the international arena: (1) labor, (2) business practices, and (3) investments. Finally, the members of the World Trade Organization are also concerned with the significant reduction of trade restrictions so as to be able to properly implement the tenets of free trade, as envisioned by the World Trade Organization. 8 9 The establishment of the World Trade Organization has likewise been propelled by the aftermath of the two World Wars.10 Indeed, countries all over the world have identified the two World Wars as well as the Great Depression as the darkest years in the history of human kind.11 It is in relation to this fact that they have considered the significance undertaking various steps in order to promote progress.12 Parenthetically, the establishment of international institutions is premised on the need to promote not just global peace but also, global prosperity. Once again, the General Agreement on Tariffs and Trade (GATT), the predecessor of the World Trade Organization was primarily established as an avenue where disputes related to trade can be submitted.13 14 The immediate and effective resolution of these trade disputes is deemed of paramount importance in the attempt to reduce the chances of another World War. The complicated issue related to globalization is one of the major sources of disputes amongst countries. As a result thereof, it is of utmost

Fluids And Hydration :: essays research papers

How important are fluids? Fluid replacement is probably the most important nutritional concern for athletes. Approximately 60% of your body weight is water. As you exercise, fluid is lost through your skin as sweat and through your lungs when you breathe. If this fluid is not replaced at regular intervals during exercise, you can become dehydrated. When you are dehydrated, you have a smaller volume of blood circulating through your body. Consequently, the amount of blood your heart pumps with each beat decreases and your exercising muscles do not receive enough oxygen from your blood. Soon exhaustion sets in and your athletic performance suffers. If you have lost as little as 2% of your body weight due to dehydration, it can adversely affect your athletic performance. For example, if you are a 150-pound athlete and you lose 3 pounds during a workout, your performance will start to suffer unless you replace the fluid you have lost. Proper fluid replacement is the key to preventing dehydration and reducing the risk of heat injury during training and competition. How can I prevent dehydration? The best way to prevent dehydration is to maintain body fluid levels by drinking plenty of fluids before, during, and after a workout or race. Often athletes are not aware that they are losing body fluid or that their performance is being impacted by dehydration. If you are not sure how much fluid to drink, you can monitor your hydration using one of these methods. 1.Weight: Weigh yourself before practice and again after practice. For every pound you lose during the workout you will need to drink 2 cups of fluid to rehydrate your body. 2.Urine color: Check the color of your urine. If it is a dark gold color like apple juice, you are dehydrated. If you are well hydrated, the color of your urine will look like pale lemonade. Thirst is not an accurate indicator of how much fluid you have lost. If you wait until you are thirsty to replenish body fluids, then you are already dehydrated. Most people do not become thirsty until they have lost more than 2% of their body weight. And if you only drink enough to quench your thirst, you may still be dehydrated. Keep a water bottle available when working out and drink as often as you want, ideally every 15 to 30 minutes. High school and junior high school athletes can bring a water bottle to school and drink between classes and during breaks so they show up at workouts hydrated. What about sport drinks? Researchers have found that sports drinks containing between 6%

Inventory management

Do they ever face the problem of receiving orders for an item that their vendor is not able to fulfill because it is out-of-stock (over-ordering or running out of stock)? I. If no, can this be a problem they might have in the future? 1. If no, why not? N. If yes, how does the vendor handle it? 1. Cancels Order a. Does canceling order affect your relationship with the customer? B. Does canceling order affect the customer reputation for the vendor? C. Are there any other issues associated with canceling an order? 2. Purchases from another vendor to fulfill order a.Does it affect their profit margin? B. Are there any other Issues associated with purchasing from another vendor? . Vendor will manufacture additional products to fulfill order a. Does this affect the delivery time? I. If yes 1 . Is changing delivery time okay with you? 2. Is changing delivery time okay with the customer? B. Are there any other Issues associated with manufacturing product after an online order has been receiv ed? 4. Is there another way to handle this Issue apart from canceling and order / Purchasing from another vendor / manufacturing additional products? Iii.Would it help your vendors to have a tool that allows them to manage inventory across multiple online marketplaces? 1 . If yes a. Would your vendors be willing to pay for such a tool? B. Does your marketplace allow for a software to connect to your online marketplace using a Website API to allow l. Product uploads Inventory updates iii. Orders v. Viewing competitors asking prices c. Would you be willing to help us market such a tool? 2. If no, why not? V. Do you encourage your vendors to view their competitors pricing and price their products accordingly? 1 . If yes, would It help your vendors to have a tool that allows Inventory Management Purpose of research A study of inventory management is undertaken in order to know the inventory performance and position of selected companies and to know the strength and weakness and to assess the profitability of the companies. Inventories constitute most significant part of assets of large majority of the companies in India. Inventory a double edged sword is usually an asset of an organization, if not used properly it will become liability. It is therefore absolutely very important to manage inventories efficiently and effectively in order to overcome unnecessary investment.Excessive stock, or excess inventory, is the result of bad management of stock demand or of material flow in process management. Excessive stock is also associated with loss of revenue owing to additional capital bound with the purchase or simply storage space taken. Shortage of stocks leads to loss of business, hence inventory management plays a key role. Literature review: †¢Article on inventory manage ment by weilege †¢Case study on coco-cola bottling inventory management by S. L Adyemi †¢Article on inventory management by James H Aim: â€Å"To identify the problems/challenges involved in the Inventory Management process†Objectives: 1. To study the inventory control measures and methods of valuation of inventory of selected companies in India of manufacturing industry 2. To identify problems related to inventory management specific to manufacturing industry of selected companies 3. To make a comparative study of inventory management of selected companies under manufacturing industries and to offer suggestions for effective inventory management Hypothesis: Research hypothesis: â€Å"Optimum inventory management leads to profitability of companies† Research methodology: a)Primary data:The primary data will be collected by personal interviews with officials. b) Secondary data Files, annual reports, periodicals, manuals and text book. Which have already been p assed through the statistical process are the secondary data used. Scope of the study: †¢ This study is to find the facts and opinions of inventory management and control of selected companies under manufacturing industries. †¢ In accordance with the present trends it aims mainly at finding out the inventory control procedures. Limitation of the study †¢ The study is related to only specific or selected companies in India of manufacturing industries.Proposed content of the dissertation: 1. Chapter 1: introduction 2. Chapter 2: literature review 3. Chapter 3: data collection and research methodology 4. Chapter 4: analysis and data interpretations 5. Chapter 5: findings and recommendations 6. Chapter 6: Conclusion 7. Bibliography 8. Annexure Work plan: First two weeks : literature review next two weeks: data collection for the project next four weeks: analysis and interpretation of data next two weeks: Findings and suggestions or recommendations next two weeks: compilin g of project report last few weeks : correction of report and final report preparation. Inventory Management Purpose of research A study of inventory management is undertaken in order to know the inventory performance and position of selected companies and to know the strength and weakness and to assess the profitability of the companies. Inventories constitute most significant part of assets of large majority of the companies in India. Inventory a double edged sword is usually an asset of an organization, if not used properly it will become liability. It is therefore absolutely very important to manage inventories efficiently and effectively in order to overcome unnecessary investment.Excessive stock, or excess inventory, is the result of bad management of stock demand or of material flow in process management. Excessive stock is also associated with loss of revenue owing to additional capital bound with the purchase or simply storage space taken. Shortage of stocks leads to loss of business, hence inventory management plays a key role. Literature review: †¢Article on inventory manage ment by weilege †¢Case study on coco-cola bottling inventory management by S. L Adyemi †¢Article on inventory management by James H Aim: â€Å"To identify the problems/challenges involved in the Inventory Management process†Objectives: 1. To study the inventory control measures and methods of valuation of inventory of selected companies in India of manufacturing industry 2. To identify problems related to inventory management specific to manufacturing industry of selected companies 3. To make a comparative study of inventory management of selected companies under manufacturing industries and to offer suggestions for effective inventory management Hypothesis: Research hypothesis: â€Å"Optimum inventory management leads to profitability of companies† Research methodology: a)Primary data:The primary data will be collected by personal interviews with officials. b) Secondary data Files, annual reports, periodicals, manuals and text book. Which have already been p assed through the statistical process are the secondary data used. Scope of the study: †¢ This study is to find the facts and opinions of inventory management and control of selected companies under manufacturing industries. †¢ In accordance with the present trends it aims mainly at finding out the inventory control procedures. Limitation of the study †¢ The study is related to only specific or selected companies in India of manufacturing industries.Proposed content of the dissertation: 1. Chapter 1: introduction 2. Chapter 2: literature review 3. Chapter 3: data collection and research methodology 4. Chapter 4: analysis and data interpretations 5. Chapter 5: findings and recommendations 6. Chapter 6: Conclusion 7. Bibliography 8. Annexure Work plan: First two weeks : literature review next two weeks: data collection for the project next four weeks: analysis and interpretation of data next two weeks: Findings and suggestions or recommendations next two weeks: compilin g of project report last few weeks : correction of report and final report preparation.