Inventory
Tools and Techniques of Inventory Control Management
Inventory holds a significant amount of capital, if not the majority of a company’s capital. As a result, it is critical to control… […]
Inventory Management
Inventory
Types of Inventory Costs
There are mainly three types of Inventory costs : (i) Holding cost (ii) Shortage or stock-out cost (iii) Set-up cost … […]
Inventory
How to Develop an Inventory Model
The sequence of basic steps required for developing an inventory model may be organized as follows: Use ABC or VED classification which provides a basis for selective control of inventories through the formulation of suitable inventory… […]
Inventory
Objectives of Inventory Management
To ensure continuous supply of materials spares and finished goods so that production should not suffer at any time and the customers… […]
Inventory
Introduction of Inventory Management
The purpose of inventory management is to keep the stocks in such a way that neither there is over-stocking nor under-stocking… […]