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The inventories are total present raw material, finished products and work in progress material in an industry which is meant to be delivered at demanded places. Management of inventory is a challenging task for an organization, so to run the organization eminently inventory model must be followed. The overall function of inventory management is to supply the material at required place within time limits which is very hard in complex systems. The complex system can enhance the overall cost of stockings or may empty the stock very soon, both conditions are not economical. So to run the stock management perfectly some tools or models of management can help well. The inventory management is stepped up from several decades but the scope in this field is still looking further improvements. As the inventory management needs the proper information about any process which is not possible therefore the different inventory models can be applied and the most reliable can be taken under certain parameters. These parameters or factors can affect the overall inventory directly or indirectly. This paper will review some literature based upon inventory methods which helps the industries in several ways to manage the entire inventory present in form of raw, work in progress and finished products.
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