Classification and identification of inventories, Business Management

The inventory includes stocks of raw materials semi finished goods finished and components etc, of several description. In order to facilitate prompt recording locating and dealing each item of inventory should be assigned a particular code for proper identification and then must be divided or sub divided in groups on any basis ( location nature of item plants etc) feasible. Special efforts should be made to establish an effective control of high value items. ABC analysis is very much helpful in this regard.

Posted Date: 3/26/2013 3:00:58 AM | Location : United States







Related Discussions:- Classification and identification of inventories, Assignment Help, Ask Question on Classification and identification of inventories, Get Answer, Expert's Help, Classification and identification of inventories Discussions

Write discussion on Classification and identification of inventories
Your posts are moderated
Related Questions
Ethics, trust and integrity are often challenged in an investment banking job. Look at the sub prime crisis, the near collapse of the mortgage giant, Fannie Mae, and the restatemen

What do you understand by “line balancing”? What happens if balance doesn’t exist?

QUESTION 1 (a) List four characteristics of effective "Business Messages." Explain briefly each characteristic with examples (b) Comment on the five benefits of effective co

Problem 1: (i) Describe the basic control process. (ii) Show whether control is always possible and necessary in an organization. Problem 2: (i) Using appropriate

QUESTION a) You have been appointed as Operation Manager for a company based in a foreign country .In this context, Explain the difficulties that you might encounter while comm

? A) Game theory emphasize short-term strategy to be employed in competitive strategies rather than a long-term strategy. ? B) Game theory is about thinking how competitors will

This is a chance to perhaps incorporate some of your experience, interests, and career business/management goals and ambitions within the context of an individual project paper. I

Question: XYZ is a small organization producing. canned Tuna fish.Work is allocated into teams of 6 to 8 people. Some groups specialize in canning, some in design, some in mar

(i) Compare the categories of electronic commerce and explain how e-commerce is changing consumer retailing and business to business transactions. (ii) Describe the term ‘e-pro

state and explain the types of co-operative societies