ISO 9001:2015

MATERIAL MANAGEMENT IN TRACTOR MANUFACTURING COMPANIES IN INDIA

Perhaps for the Manufacturing companies the management of material is the most important aspect to achieve the higher productivity and profitability. In any of manufacturing entity material is the most valuable and larger item and constitute a major portion of the product, hence any negative shade in it will have significant impact on strength and competitive position of the entity. Without a proper Management of material strategy, it will be though for the entity to run economically due to high level of Material in stock and blocking of working capital. On the other side with the better material management a high and improved profitability can be achieved and in short term as well as in long term. So it is now needless to say that material management is an utmost important aspect of the manufacturing entities and Tractor Manufacturing industry is not at all an exception to this concept. This Research paper is intended to enlighten the material management in Tractor Industry based on various analysis and test conducted based on survey done and opinions obtained. Various explanatory and research methodology is used for data collection and analysis, opinion was analyzed statistically performed tests and results are concluded by rejecting null hypothesis and acceptance of alternate hypothesis. We concluded and found in research practice that there is far difference between the actual practices followed and knowledge of material management professionals and experts.

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Keywords: Material Management, Tractor Industry, Statistical Test, Suggestions.


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