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
Inventory
Why Inventory is Maintained?
Due to the absence of stock, the company may have to pay high prices because of piece-wise purchasing. Maintaining inventory… […]
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… […]
Inventory
What is Inventory Decisions in Management
The decisions made for every item in the inventory are, How much amount of an item should be ordered when the inventory of that item is to… […]
Inventory
Classification of Inventory control
The term inventory may be classified into two main categories. 1- Direct Inventories, 2- Indirect Inventories, … […]
Inventory
Objectives of Inventory Control
To protect against inflation since the prices of materials are constantly increasing. Thus it is important to invest in the inventories… […]
Inventory
Introduction and Definition of Inventory
In a broad sense, inventory may be defined as the stock of goods, commodities or other economic resources that are stored or reserved… […]