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Inventory control is vitally important to almost any type of industry, whether product or service-oriented. Investments in raw materials, spare parts, work-in-progress and finished products are all critical costs of operations which if not controlled can lead to high capital costs, high operating costs, and decreased production efficiency. This book focuses on the problems of materials control in small-scale manufactur-ing industries. It explains how to optimize the available resources with a view to reducing material costs and achieving improved capital turnover. It also analyzes a few selected industries and critically reviews their performance in the area of inventory control. The book is designed as a text on inventory management for postgraduate students pursuing courses in commerce, management, and business studies. It is also suitable for all those studying for professional qualifications such as CA, ICWA, and CS. About The Author D. Chandra Bose, Ph D. is Principal, Sree Narayana College (University of Kerala), Chengannur, Kerala. He has more than three decades of academic experience. He has authored several books in the field of management and administration, including four books for PHI Learning. His research areas include marketing, public administration, and finance and accounting. Table of Contents Foreword. Preface. 1.Introduction. 2.Organizational Set-up for Materials. 3.Working Capital and Inventory. 4.Some Concepts about Inventories. 5.Tools and Techniques of Inventory Management. 6.Inventory Ratio. 7.Supply of Maintenance Materials and Spare Parts. 8.Disposal of Obsolete Materials, Surplus and Scrap. 9.Case Study. Further Reading Index.