MBAOM | MMPP-001 | Stores records and inventory analysis
IGNOU MBA Operations Project on Inventory Management (MMPP-001): Item-Level Stores Records, ABC and VED, EOQ and Reorder Levels, and the Valuation Rules Behind Them
Inventory evidence, answered up front
An IGNOU MBA Operations Project on Inventory Management stands on item-level records: the item master, the issue register, purchase orders and goods received notes of one store, used with written permission. IGNOU prescribes no technique for MMPP-001; its guidelines ask for the nature and source of data, the rationale of the organisation and sample, and the relevance of each statistical tool to the objectives. So rank items by consumption value, rate their criticality, and compute reorder levels from lead times you recorded.
- 8 creditsMMPP-001 sits in Semester 3 of MBAOM, beside MMPO-006 Materials Management and MMPO-001 Operations Research.
- One item listABC ranks items by annual consumption value, so it needs every item’s quantity and unit cost, not three balance-sheet totals.
- 2 x D x S / HThe economic order quantity formula; S and H must come from records or a logged assumption, never from nowhere.
- No LIFOInd AS 2 and AS 2 allow FIFO or weighted average for interchangeable items; LIFO is not among the permitted formulas.
- 10 per centThe stock-count discrepancy per class of inventory that CARO 2020 paragraph 3(ii)(a) asks auditors to report.
- About 18,000 wordsThe MMPP-001 report figure, with appendices and exhibits outside it.
IGNOU MBA Operations Project on Inventory Management: What Item-Level Records Can Prove
An IGNOU MBA Operations Project on Inventory Management is decided in its analysis chapter. A store already records what it issued, what it ordered, when the goods arrived and when a job waited for a part; those records can show how value is concentrated in a few items, which items stop production when they run out, and whether the reorder levels in use match the lead times the store actually faced. They cannot show any of this when the figures are three balance-sheet totals or costs nobody recorded. The MMPP-001 guidelines of IGNOU’s School of Management Studies, which MBAOM students follow, ask you to name that evidence before you collect it.
What SOMS fixes, and what it leaves to your records
- MBAOM is among the programmes whose ODL students follow the MMPP-001 guidelines.
- A comprehensive case study covering a single organisation is one of the three project types; a study of one store is this kind.
- The filling instructions for the Subject Area box list “Operations Management & Information System”, not “Operations” alone.
- The methodology must give the nature and source of data, and the rationale of the chosen organisation and the sample.
- The report must give the reliability and validity of the tools used. MMPP-001 names no inventory technique, formula or cut-off; those choices are yours and your guide’s.
MBAOM Semester 3 and 4 Courses Behind an Inventory Question
An IGNOU MBA Operations Project on Inventory Management draws on MBAOM courses, core and specialisation, printed on the MBAOM programme page and in the Specialisation MBA Prospectus 2026. MMPP-001 asks that the project topic be preferably in your area of specialisation, so tying the question to one or two of these courses is the simplest way to show that it is.
| Semester | Course | An inventory question it can anchor |
|---|---|---|
| Semester 3 | MMPO-006 Materials Management | ABC, VED and the ABC-VED matrix; EOQ and reorder levels for one store |
| Semester 3 | MMPO-001 Operations Research | EOQ with recorded costs; safety stock against a stated service level |
| Semester 3 | MMPO-005 Logistics and Supply Chain Management | Lead times from purchase orders and goods received notes; supplier delivery variability |
| Semester 3 | MMPO-002 Project Management | Spares or materials planning for a project site; issues against a schedule |
| Semester 3 | MMPC-015 Research Methodology for Management Decisions | Sampling, the tests under One Test for Each Inventory Objective, reliability and validity |
| Semester 3 | MMPP-001 Project (8 credits, equivalent to two courses) | The project itself |
| Semester 4 | MMPO-007 Maintenance Management | Criticality of maintenance spares; stock-outs that held up work orders |
| Semester 4 | MMPO-003 Operations Management | Demand forecasting for issues; material requirements planning |
| Semester 4 | MMPO-004 Management Information Systems | ERP extracts as the data source; data quality checks |
| Semester 4 | MMPO-008 International Logistics and Supply Chain Management | Imported items with long, variable lead times |
| Semester 4 | MMPC-019 Total Quality Management | Defective receipts as a reason for reorders |
Two IGNOU papers print the core and specialisation split differently. The Specialisation MBA Prospectus 2026 prints nineteen core courses and eight courses from the chosen specialisation, and in its MBAOM table gives MMPC-018 the title Advanced Strategic Management; the Common Prospectus of July 2026 prints twenty core courses and seven specialisation courses, and eGyanKosh lists MMPC-018 as Entrepreneurship. Both splits add up to 116 credits. None of this changes MMPP-001, but write course titles in your synopsis as your own course material prints them.
Two IGNOU Papers and Two Inventory Study Files
An IGNOU MBA Operations Project on Inventory Management answers to the IGNOU papers listed first; the two files listed second are ours, watermarked as study reference and not for submission. Anyone looking for an inventory management project for MBA work to copy will not find one here: the sample synopsis leaves the unit and every figure in brackets, and the report template’s tables are empty, because every number has to come from a record you were permitted to use.
IGNOU’s own papers for this study
- MMPP-001 Project Course: Guidelines for Submission of Synopsis and Project Report (School of Management Studies, read in full November 2026): both stages, the report structure and the Certificate of Originality format.
- Proforma for Approval of Project Proposal (MMPP-001): at the end of the same file; signed and dated by you and your guide.
- MBAOM programme page on ignou.ac.in and the Specialisation MBA Prospectus 2026: course list by semester, the project fee and the project course line.
- MBAOM Semester III and Semester IV collections and the MMPP-001 collection on eGyanKosh: official repository copies.
Inventory practice files from our desk, watermarked
- Sample synopsis (8 pages): selective inventory control of maintenance spares at a manufacturing unit, ABC-VED classification, EOQ and reorder levels from twenty-four months of stores issue records, a comprehensive case study.
- Report format template (7 pages): recommended page order, a permission and data log, a cost assumption log, and empty ABC, VED, matrix, lead-time, EOQ and reorder tables.
Stores Records, ERP Extracts and Annual-Report Notes: Which Figure Comes From Where
Every figure in an IGNOU MBA Operations Project on Inventory Management should be traceable to a record. Six records carry almost all of it; the last one is public and needs no permission.
| Figure | Record that holds it | Permission |
|---|---|---|
| Item code, description, unit, unit cost, existing reorder, minimum and maximum levels | Item master in the stores ledger or ERP | Written permission; mask codes in the report |
| Quantity issued, item by item, month by month | Issue register or the ERP consumption report | Written permission |
| Order and receipt dates, for lead time | Purchase orders and goods received notes | Written permission; leave supplier names out |
| Stock-out events | Stores stock-out log, or work orders held waiting for a part | Written permission; define a stock-out first |
| Ordering cost per order and carrying rate | Purchase and accounts records, or a stated assumption with its source | Log every value and where it came from |
| Inventory accounting policy and the auditor’s stock-count statement | The company’s annual report: accounting policy note and, where CARO 2020 applies, its paragraph 3(ii) statement | Public; cite the page |
A permission letter from the unit, kept in the annexures, should say which records you may use, for which months, and that item codes and supplier names will be masked. Do not copy price lists, drawings or supplier contracts into the report.
Why an ABC Analysis Project Report Needs Items, Not Balance-Sheet Totals
An ABC analysis project report ranks items by annual consumption value, the annual quantity issued multiplied by the unit cost, and shows how few items carry most of the value. Several shared reports run “ABC analysis” on raw materials, work in progress and finished goods for several years from annual reports. That is three numbers a year, not an item list, and no class boundary drawn on three numbers means anything. In an IGNOU MBA Operations Project on Inventory Management, ABC starts from the item master and the issue register, and the result is reported as a share of items against a share of value.
| Shared report | Item-level study |
|---|---|
| ABC on raw materials, WIP and finished goods totals | ABC on every item issued in the period, ranked by annual consumption value |
| EOQ with an assumed ordering cost and carrying rate | EOQ with costs taken from records, each logged with its source |
| Reorder level from a textbook example | Reorder level from recorded daily demand and recorded lead times |
| Inventory turnover across years as “the analysis” | Turnover only where an objective asks about it, with the item analysis beside it |
| VED by one person’s say-so | VED by a stated panel against a written criterion |
Turnover ratios from annual reports belong to a financial statement analysis; the finance guide covers them.
ABC, VED, FSN and HML: Which Classification Answers Which Objective
Each classification in an IGNOU MBA Operations Project on Inventory Management answers one kind of objective and needs its own data. Choose the ones your objectives need; a report that runs all of them on the same items without a question behind each adds pages, not evidence.
| Classification | Basis | Data needed | Objective it answers |
|---|---|---|---|
| ABC | Annual consumption value | Quantity issued and unit cost per item | Where control effort and money are concentrated |
| VED | Criticality: vital, essential, desirable | Ratings by a stated panel against a written criterion | Which items must never run out |
| FSN | Movement: fast, slow, non-moving | Issue frequency or months since last issue | Which stock is idle |
| HML | Unit price: high, medium, low | Unit cost per item | Who may approve purchases of which items |
| ABC-VED matrix | Cross-tabulation of ABC and VED classes | Both of the above | Control categories that combine value and criticality |
Devnani, Gupta and Nigah (2010) applied ABC, VED and an ABC-VED matrix to a hospital pharmacy store whose formulary held 421 items, with criticality decided by a group of clinicians and a pharmacist, and noted that their cut-offs differed marginally from 70, 20 and 10 per cent. Flores and Whybark (1986) put forward a joint criteria matrix within the ABC framework, and in 1989 reported applying multiple criteria ABC analysis to maintenance inventories.
EOQ, Reorder Level and Safety Stock From Your Own Lead Times
The reorder level is where an IGNOU MBA Operations Project on Inventory Management can say something a store can act on: the level it uses now against the level its own demand and lead times call for. That comparison needs two things most shared reports skip, the lead time of each receipt and the cost behind each EOQ input.
EOQ and reorder level from records, not from an example
- Lead time: for each receipt, the goods received note date minus the purchase order date, in days. Our setting: take items with at least four receipts in the period.
- Daily demand and its spread: from the monthly issue register, converted to days the store works, with the standard deviation.
- Ordering cost and carrying rate: from purchase and accounts records where they exist; otherwise a stated assumption with its source, logged in the cost assumption table.
- Existing reorder level: from the item master, as the store had it during the period.
ABC, EOQ and reorder level worksheet
A planning aid on figures from your own records. IGNOU prescribes no inventory formula or cut-off for MMPP-001; the arithmetic is listed under the worksheet.
Paste your item lines for ABC, or fill the EOQ or reorder boxes for one item, or all three. Nothing you type leaves this page.
This worksheet runs in your browser. If the button does nothing, JavaScript is switched off or blocked here; the arithmetic is listed just below so you can work it in a spreadsheet.
The arithmetic, line by line
- Annual consumption value = annual quantity issued x unit cost. Items are ranked from the highest value; an item is A while the value ranked above it is below the A cut-off, B while it is below the B cut-off, and C after that. The worksheet needs at least 10 items, our setting.
- EOQ = square root of (2 x D x S / H), where D is annual demand, S the ordering cost per order and H the carrying rate x unit cost. Orders a year = D / EOQ.
- Safety stock = z x square root of (L x sd of daily demand squared + daily demand squared x sd of lead time squared); z is 1.2816, 1.6449, 2.0537 or 2.3263 for 90, 95, 98 or 99 per cent. Reorder level = daily demand x L + safety stock.
- These are standard textbook formulas; Silver, Pyke and Thomas (2017) is one general reference. The cut-offs, the service level and the ten-item minimum are our settings, choices to agree with your guide.
A Second Reading Before the MBAOM Synopsis Is Posted
Have the inventory plan read before it travels
Our correction desk reads the synopsis or report of your own IGNOU MBA Operations Project on Inventory Management against the MMPP-001 guidelines and the proforma, annotates every change and returns the file. You make the changes and remain the author; approval is IGNOU’s decision, made by its evaluator.
In an MBAOM synopsis, the lines we test
- Each record named, with the months it covers and the permission behind it
- ABC planned on items, not on category totals
- A written VED criterion and a named panel
- One statistical tool per objective, sized to the number of items
- Subject Area, title and guide details on the proforma
In an inventory analysis chapter, the lines we test
- Every table traceable to the data log
- EOQ costs logged with their source
- Reorder levels computed from recorded lead times and compared with the existing ones
- Interpretation under every table
- Evaluator comments from the approval letter worked in
Synopsis correction is Rs 1,000 and report correction Rs 2,000, as listed on the correction page.
See how the correction service works
We do not write your synopsis or report, supply data or sign anything on your behalf.
Inventory Valuation and the Auditor’s Stock Check: Ind AS 2, AS 2 and CARO 2020
An IGNOU MBA Operations Project on Inventory Management does not value a company’s inventory or audit it, but its introduction and its annual-report context often quote both, and shared reports get both wrong. Whichever standard the company follows, AS 2 or Ind AS 2, inventories are measured at the lower of cost and net realisable value, and interchangeable items are costed by FIFO or weighted average. LIFO is not among the permitted formulas, so a report that recommends it to an Indian company repeats an error. AS 2 also leaves out of inventories the spare parts and standby equipment that meet the definition of property, plant and equipment, which matters when the items studied are maintenance spares.
For companies within its scope, the Companies (Auditor’s Report) Order, 2020 asks the auditor to report whether management verified inventory at reasonable intervals, whether the coverage and procedure were appropriate, and any discrepancy of 10 per cent or more in the aggregate for each class of inventory. That statement is part of the auditor’s report printed in the annual report, and needs no permission to quote. Banking and insurance companies, section 8 companies, one person and small companies, and private companies under set limits are outside the Order.
Inventory valuation and stock-count check
Built from Ind AS 2 Inventories, AS 2 Valuation of Inventories and paragraph 3(ii) of the Companies (Auditor’s Report) Order, 2020, read November 2026.
Part A checks a cost formula, Part B the lower of cost and net realisable value for one item or group, and Part C one class of inventory against the CARO line. Fill any part. Nothing you enter leaves this page.
This check runs in your browser. If the button does nothing, JavaScript is switched off or blocked here; the rules it applies are listed just below.
The rules each answer rests on
- Measurement: the lower of cost and net realisable value (Ind AS 2 paragraph 9; AS 2 paragraph 5). Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and of making the sale (AS 2 paragraph 3.2).
- Cost formulas: FIFO or weighted average for ordinarily interchangeable items (Ind AS 2 paragraph 25; AS 2 paragraph 16); specific identification for items that are not (Ind AS 2 paragraph 23; AS 2 paragraph 14). Neither standard lists LIFO.
- Standard cost and retail methods: techniques allowed for convenience if the results approximate cost (Ind AS 2 paragraph 21; AS 2 paragraph 18).
- Materials for production: not written down below cost if the finished products are expected to sell at or above cost (Ind AS 2 paragraph 32; AS 2 paragraph 24). Write-downs are usually made item by item, and not on a whole classification such as finished goods (AS 2 paragraph 21).
- CARO 2020 paragraph 3(ii)(a): the auditor reports discrepancies of 10 per cent or more in the aggregate for each class of inventory found on physical verification, and whether they were properly dealt with in the books. The Order does not apply to every company.
One Test for Each Inventory Objective
MMPP-001 asks for the relevance of each statistical tool to the objectives of an IGNOU MBA Operations Project on Inventory Management. In our reading, inventory data from one store are mostly counts and skewed values, so rank tests and plain descriptions fit most objectives better than tests that assume normal data.
| The objective asks | Data | Tool | Caution |
|---|---|---|---|
| How value is concentrated | Annual consumption value per item | Ranked ABC table and cumulative curve | A description; no test is needed |
| How criticality is spread, and how far raters agree | Panel ratings per item | Frequency table and panel agreement | State the criterion and the panel |
| Whether ABC and VED classes are linked | Class pairs per item | Chi-square test of association, or Fisher’s exact test | Small expected counts in some cells; merge or use the exact test |
| Whether existing and computed reorder levels differ | Paired levels per item | Wilcoxon signed-rank test | Assumes the differences are roughly symmetric about their median |
| Whether lead-time variability and stock-outs move together | Per item | Spearman’s rank correlation | Association, not cause |
| Whether stock-outs changed after a policy change | The same items, two periods | Wilcoxon signed-rank test | State the change and its date |
The Methodology of an IGNOU MBA Operations Project on Inventory Management
The methodology of an IGNOU MBA Operations Project on Inventory Management answers six items the MMPP-001 guidelines list. The left column quotes them; the right shows what a stores-records study writes there, as a model only.
The report then gives reliability and validity. For records, reliability is a reconciliation of issue totals with the stores ledger for a few months and a check of unusually long lead times against the purchase file; validity is the fit between each measure and the objective it serves. If you also interview stores staff, the HR survey guide covers scales and reliability.
The Proforma for an Operations Proposal, Box by Box
Three boxes of the MMPP-001 proforma decide how an IGNOU MBA Operations Project on Inventory Management is first read: Subject Area, Topic of the Project and the supervisor details. The map follows the printed proforma and its filling instructions; the third column adds what to watch in an MBAOM proposal.
| Box | Who fills it | What to watch |
|---|---|---|
| Enrolment No. | Student | Your current number. After re-admission, approval given on the earlier number has to be sought again on the new one, or the report may not be accepted. |
| Project Proposal No. | Regional Centre | Leave blank; the Regional Centre assigns it when the proposal is accepted. |
| Study Centre | Student | Your own study centre code. |
| Regional Centre | Student | The centre whose Regional Director receives the synopsis. |
| Subject Area | Student | Write it as printed: Operations Management & Information System. |
| Name of the Student | Student | As on your IGNOU identity card. |
| Address of the Student | Student | The complete postal address where the decision is to be sent. |
| Email Address | Student | One you check regularly. |
| Topic of the Project | Student | The full title, naming the unit or item class, the period of records and the measure. The final report must carry the approved title unchanged. |
| Name and Address of the Supervisor | Student and guide | Preferably the official address; for a plant or stores manager, the works or office address. |
| Is the Supervisor an Academic Counselor of the Management Programme? | Student and guide | Yes with the study centre code, or No, in which case the bio-data goes with the synopsis. |
| Courses he/she is counseling for | Guide | Counsellors only. |
| No. of Students being guided | Guide | The number on that date; a guide may not guide more than five students at any given point of time. |
| Signature of Student, with date | Student | Original signature and the date. |
| Signature of Supervisor, with date | Guide | Original signature and the date. |
| Office use: Synopsis and Supervisor, Approved or Not Approved | Evaluator | Leave blank; the synopsis and the supervisor are decided separately. |
| Comments and suggestions of the evaluator; counter signature | Evaluator; Regional Director or Assistant Regional Director | Leave blank. These comments are what the report, or a resubmission, has to answer. |
Unless the guide is an approved counsellor, the bio-data sent with the synopsis must state, in an absolutely unambiguous manner:
- Name and date of birth
- Full address and contact numbers of residence and current workplace
- Degrees with specialisation, the university or institution, year of award and percentage of marks
- Work experience in date order, with designation, period, name and a contactable address of each organisation
- Anything else relevant to the guide’s eligibility; a current business card may be attached
A Guide for an Operations Study: Plant Managers, Stores Officers and Counsellors
If you work in a plant, a warehouse or a purchase department, the first guide you think of for an IGNOU MBA Operations Project on Inventory Management is probably your own manager. That works only if the manager meets one of the routes printed in the MMPP-001 guidelines, which also advise choosing an active professional in the area of the topic.
| Route in the guidelines | What it needs | For an operations manager |
|---|---|---|
| Management faculty, SOMS headquarters | Faculty post at IGNOU’s School of Management Studies | Not applicable |
| Approved academic counsellor | Approved counsellor of the Management Programme with relevant experience | Possible if already an approved counsellor; no bio-data needed then |
| Management faculty elsewhere | 5 years of PG teaching experience | Only if the manager also teaches management at PG level |
| Professional | Master’s degree in management or an allied discipline, and at least 5 years of experience in the relevant area after the master’s | The usual route for a plant, stores or purchase manager; check both the degree and the five years |
| Any route | Not more than five students at any given point of time | Ask before the proforma is signed |
When Stores and Maintenance Staff Are Interviewed
A VED panel and a few interviews with stores staff are often the only primary data in an IGNOU MBA Operations Project on Inventory Management. MMPP-001 allows field work; inside a unit it needs the unit’s written permission, and nothing confidential can appear in a student report.
- Get written permission before any rating sheet or interview, and keep it for the annexures.
- Ask staff to rate items against the written criterion, or to explain a practice; never ask for prices, supplier terms or drawings.
- Use the records for numbers and the interviews only for what records cannot show, such as why a reorder level was set.
- For a staff survey with scales, follow the HR survey guide.
Report Chapters and Annexures for an Inventory Study
An IGNOU MBA Operations Project on Inventory Management follows the MMPP-001 report order, and the report may be about 50 to 60 double-spaced typed pages, not exceeding approximately 18,000 words excluding appendices and exhibits, with rational variation on either side permissible.
| MMPP-001 part | Inventory contents |
|---|---|
| Introduction, review of literature, the organisation under study | The stores question, recent studies, a short profile of the unit and its store, the items left out as property, plant and equipment |
| Research methodology | Six method items, the permission and data log, the VED criterion, every formula, the cost assumption log, one tool per objective |
| Results and discussion | One block per objective: ABC, VED, matrix, lead time, EOQ and reorder tables, with interpretation |
| Summary and conclusion | One paragraph per objective, no new figures |
| Recommendations | Tied to findings and addressed to the stores officer, maintenance or purchase, by item class |
| Limitations, direction for further research (optional) | One store, the months covered, stated cost assumptions, a small panel |
| References or bibliography | Studies, textbooks, standards and the annual report cited, in one format |
| Annexures | Blank VED rating sheet, permission letter, data log, cost assumption log, item-level tables |
Questions MBAOM Students Bring About Stores Data
Is an IGNOU MBA Operations Project on Inventory Management allowed without a questionnaire?
Yes. MMPP-001 asks for the tools used and their purpose, and lists a questionnaire among the annexures where one is used. A records study can say it uses no questionnaire, name each record, and attach its extract sheet, VED rating sheet and cost log.
Is “a study on inventory management” a good title?
Not on its own. MMPP-001 asks for a definitive title that conveys the subject matter, and that phrase is the title of many shared reports. Name the unit or item class, the period and the measure, such as ABC-VED classification and reorder levels of maintenance spares over twenty-four months.
Which inventory management project for MBA work fits MBAOM best?
One built on a store you can reach and records you can get permission to use, tied to MMPO-006 Materials Management or MMPO-007 Maintenance Management. A topic with no access to item-level records ends up as a turnover-ratio study, which the finance guide covers.
Where do operations management project topics for MBAOM come from?
From a decision a store or plant actually makes: which spares to stock, at what level, from whom and how often. The course table under MBAOM Semester 3 and 4 Courses pairs each MBAOM course with one such question; IGNOU prints no topic list for MMPP-001.
Can I use my company’s ERP data?
Only with written permission from the company, for the records and months named in it, with item codes and supplier names masked. Keep the letter in the annexures.
The last date is near. Will IGNOU extend it?
Many students wait for an extension before starting, and that is a risk, because no one can promise one. Under MMPP-001 the synopsis can be sent throughout the year after registration, and the report dates are result windows.
Whom do I contact if two or three months pass without an approval letter?
Most students do not know. MMPP-001 says the decision is sent in writing within two to three months of receipt, and names the Project Proposal number for further correspondence; write to your Regional Centre quoting it.
Does an old literature review matter?
In our experience an outdated review of literature costs marks. Add recent studies on ABC-VED and spares control to the textbook chapters you cite.
Before the IGNOU MBA Operations Project on Inventory Management Is Bound
Run this list when the data of your IGNOU MBA Operations Project on Inventory Management is frozen, and again before the report is bound.
When the extracts are closed
- Written approval received, and the title on the report matches it
- Permission letter on file, item codes and supplier names masked
- ABC run on every item issued in the period
- Every EOQ cost logged with its source
- Reorder levels computed from recorded lead times and compared with the existing ones
On the binding counter
- Approved proposal, approved proforma and bio-data bound in, not just stapled
- Certificate of Originality signed by both of you, with dates
- Detailed table of contents with page numbers that match
- One bound volume, A-4, double spaced, sent to the Registrar (SED), or through the LMS for MBA (Online)
Sources
- IGNOU, School of Management Studies. MMPP-001 Project Course: Guidelines for Submission of Synopsis and Project Report, with the Proforma for Approval of Project Proposal. ignou.ac.in. Read in full, November 2026.
- IGNOU. MBAOM programme page, ignou.ac.in, read 10 November 2026; Specialisation MBA Prospectus 2026, ignou.ac.in; MBAOM Semester III and IV collections on eGyanKosh.
- Institute of Chartered Accountants of India. Accounting Standard (AS) 2, Valuation of Inventories (revised 1999), paragraphs 4, 5, 14, 16, 18, 21 and 24. kb.icai.org.
- Ministry of Corporate Affairs. Indian Accounting Standard (Ind AS) 2, Inventories, under the Companies (Indian Accounting Standards) Rules, 2015, as amended, paragraphs 9, 21, 23, 25 and 32.
- Ministry of Corporate Affairs. Companies (Auditor’s Report) Order, 2020, S.O. 849(E), 25 February 2020, paragraphs 1(2) and 3(ii); ICAI Guidance Note on the Order. kb.icai.org.
- Devnani, M., Gupta, A. K., and Nigah, R. (2010). ABC and VED analysis of the pharmacy store of a tertiary care teaching, research and referral healthcare institute of India. Journal of Young Pharmacists, 2(2), 201-205. doi.org.
- Flores, B. E., and Whybark, D. C. (1986). Multiple criteria ABC analysis. International Journal of Operations and Production Management, 6(3), 38-46. doi.org; Flores and Whybark (1989). Implementing multiple criteria ABC analysis. Engineering Costs and Production Economics, 15, 191-195.
- Silver, E. A., Pyke, D. F., and Thomas, D. J. (2017). Inventory and Production Management in Supply Chains (4th ed.). CRC Press.
- Wilcoxon, F. (1945). Biometrics Bulletin, 1(6), 80-83; Spearman, C. (1904). The American Journal of Psychology, 15(1), 72-101.
Who answers for this operations guide
BK Sahni founded Shri Chakradhar Publication Pvt. Ltd., a Delhi publisher of IGNOU study material and project guides that has served distance learners since 2010. He edits this desk’s pages; the boxes on this page carry his team’s notes from MBAOM students.
Profiles: bksahni.com, ORCID, Google Scholar, LinkedIn. Programme-level questions about MBAOM projects are answered on the programme-level guide on ignouproject.com. The method and results steps every MMPP-001 project shares are on the home page of this desk. Questions: WhatsApp the desk.
This site, ignoumbaproject.net, is published by Shri Chakradhar Publication Pvt. Ltd., an independent publisher not affiliated with or endorsed by IGNOU. IGNOU’s own guidelines, and the text of the accounting standards and the Order as notified, prevail over anything here. Nothing on this page is accounting, audit or legal advice, or a judgement on any company’s accounts. Our sample files are study reference only and must not be submitted.