A study on effective inventory management of Bangladesh Railway
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Bangladesh Railway is a pure Government owned organization. Its responsibility is to provide safe, reliable, comfortable and timely journey. To meet this responsibility Bangladesh Railway needs improved track, modern locomotives, carriages & wagons and trained manpower, which would make Railway a profitable organization. However the condition of track is very worse; age of maximum locomotives, carriages & wagons is more than 50 years. Bangladesh Railway is facing severely multi-dimensional problems such as negligence by Government regarding investment caused less development in this sector compare to Roads & Highways (RHD), inefficient management, complexity in taking timely decision, widespread corruption, lack of commitment among the employees, outdated technology etc. make it a losing organization. To invigorate the operational activity, it is very much necessary to introduce improved track, new locomotives, carriages & wagon. Also regular maintenance of old rolling stock can be used to improve the operational activity. To ensure the uninterrupted maintenance work in the workshop, various spare parts need to supply as per requirements. Implementing effective inventory management ensures the maintenance work regularly and keeps the production in the workshop according to forecasted demand maintaining dead stock at minimum level, in this Study report, tools and implementation of effective inventory along with its evolution and the present condition of inventory followed in Bangladesh Railway are described very clearly that can help a reader to understand the importance of effective inventory management and compare it with the prevailing situation in Bangladesh Railway. Finally some recommendations are made to improve the present losing situation of Bangladesh Railway.