Inventory planning and control, Managerial Accounting

INVENTORY PLANNING AND CONTROL

The main goal of "inventory control" is to discover and maintain the optimum level of investment in all types of inventories, from raw materials and supplies to finished goods that helps to maximize long-run profits.

Two limits must be imposed in controlling inventory levels, because there are two danger points that management usually wants to ignore. Such problems are:

(i) That inadequate inventories, disrupts production and may lose sales.
(ii) That excessive inventories, introduces unnecessary carrying costs and obsolescence risks.

Posted Date: 12/6/2012 5:52:44 AM | Location : United States







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

Write discussion on Inventory planning and control
Your posts are moderated
Related Questions
Creditors turnover ratio ( or payables turnover ratio) Meaning: this ratio establishes a relation ship between net credit purchases and average trade creditors. Objective

Model Construction The success of a simulation exercise is related to the predictive quality of the underlying model, so that considerable care should be taken with model const

Correlation coefficient (r) Correlation coefficient measures the degree of association between two variables such as the cost and the activity level. r = nΣxy   -  Σx  Σy

Factoring Services: All subsequent services are offer through the factor apart from the core service of purchasing receivables. 1)    Sales credit management and Ledger adminis

Illustration: ABC analysis Combine items on the basis of their relative value to form three categories—A, B and C. The data in the table below illustrates the ABC analysis.

discuss which of the cost classification is suitable for LunchBreak LTD and why?


Recommend whether marginal or absorption costing should be use for internal monthly reporting

A purchased product, sold in a retail store, has a normally distributed daily demand, with a mean of 8 units/day and a variance of 4 (units) 2 . Its supply lead time is 6 days and

Budgets An essential planning component is budgeting. Budgets sketch the financial plans for an organization. There are number of budget types. Operating Budgets -- A plan