Even during the second phase of Covid-19, Lecture series were held in various faculties by many subject experts. The different departments of the  University availed discussions and dialogue programs. In this episode, The Management Department of AKS University convened a one-day National Webinar in which important topics like Inventory Management and its Applications were extensively discussed on virtual platform.  Eminent subject matter expert Prof. Indrajit Bandyopadhyay, CEO, Usha Martin Educational Solutions, the keynote speaker of the program, elaborated on the topic and explained that Inventory is actually the planning and control of the size of individual items.  There is a buffer, between procurement and production, beginning and end of production.  He said - between production and marketing buffers are needed. Buffer means a cushion to fall behind, as and when the situation demands.  Production should not suffer because of some difficulty in procuring raw material, similarly loss in production should not hurt marketing.  He said that Inventory Management refers to the planning and control of the size of individual items of those materials which are carried out by a business.  The first classification is for day to day operations.  Inventory is held to avoid stock out due to the unforeseen contingencies. The Second and excessive inventory is called inventory held for speculative purposes.  Inventory requirements to meet transaction and precautionary requirements, utilization rate, lead time and level of insurance against stock outs, all this have been considered prudent and very relevant information.  There was a lot of discussion and elegant answers to the questions of the participants were also given by Prof.  Indrajit.  In the program  Anant Kumar Soni, Pro-Chancellor AKS University and Dr.  Harsh Vardhan also participated. Dr.  Koshik Mukherjee Head of the Management Department convened the program while the coordinator of the  program was Prof. Pramod Dwivedi.