Inventory management and control, Cost Accounting

Inventory Management and Control

Here the objectives of inventory management are as:

1. To ensure adequate stocks to permit for continuous production/operations, and

2. To minimize the having inventory's cost.

Inventory management is significant since in most organizations it signifies the largest single investment. The main categories of inventory are:

a) Finished goods

b) Work in progress

c) Raw materials

Posted Date: 2/5/2013 4:35:36 AM | Location : United States

Related Discussions:- Inventory management and control, Assignment Help, Ask Question on Inventory management and control, Get Answer, Expert's Help, Inventory management and control Discussions

Write discussion on Inventory management and control
Your posts are moderated
Related Questions
Nieland Industries had one patent recorded on its books as of January 1, 2014. This patent had a book value of $288,000 and a remaining useful life of 8 years. During 2014, Nieland

We consider two regions A and B. Each market has the same size (i.e. number of consumers) but differs in the willingness to pay for one unit of the good proposed by the firm. On ma

difference between diffrential cost and marginal cost


Weighted Average Method This way is a perpetual weighted average system whereas the issue price is recalculated after one of receipt of stocks taking into accounts both money

When firms enter into loan agreements with their bank it is very common for the agreement to have a restriction on the minimum current ratio the firm has to maintain. So, it is imp

Critical Thinking about Cost Flow It is simple to overlook an important aspect of cost flow within a manufacturing operation. If you see that have taken note of an important co

Budgetary Planning and Control - Accounting Techniques A budget is a   plan of action expressed in monetary terms. Therefore it is a quantified plan of what one intends to do.

INSURANCE Trustees may insure trust property against loss or damage by fire subject to the following conditions:   1. The insurance must not exceed the full value of the proper