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Introduction: The Govt. of Pakistan took an initiative to address the shortcomings of the financial reporting system and to ensure good governance. The IMF carried out a survey in Government Accounting in early 1990s, followed by a diagnostic study sponsored by the World Bank.

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` A PROJECT REPORT ON INVENTORY MANAGMENT AT SEIMENS LTD SUBMITTED TO: SGM ENGLISH MEDIUM COLLEGE OF COMMERENCE AND MANAGMENT AFFILICATED TO SADAR PATEL UNIVERSITY VALLABH VIDHYANAGAR PREPARED BY: VRUSTI RAO TYBBA EXAM SEAT NO: YEAR: 2011-12 Index PrefaceIn 21st century, the world is changing very fast. Many new products, services, inventions are coming day by day. Some of them are beneficial to the world and vice-versa. We are coming across many new theories and implementation of machineries. Any serious thinking on contains and emerging issue of modern business suggested that basis pillar through, which the student of management can learn and understand the between theoretical knowledge and practical knowledge. Through it the student can know that how to apply their mind in the real business with the help of management theories, concept and philosophies to become successful in the business world.I have visited the industry in order to set the practical knowledge about which, I have study in th

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