What are the classified different stock items, Operation Management

What are the classified different stock items?

The ABC system of inventory management

Various stock items are classified as like:

a. High value (A)

b. Medium value (B)

c. Low value (C)

Higher value items are reviewed more often and controlled through a greater extent than low value things. This is since better stock control of high value items will reduce cash tied up unnecessarily into high value raw material or finished goods stock, supporting more effectual cash flow management for the organisation. It is an illustration of a periodic inventory system.

Posted Date: 8/24/2013 7:09:24 AM | Location : United States

Related Discussions:- What are the classified different stock items, Assignment Help, Ask Question on What are the classified different stock items, Get Answer, Expert's Help, What are the classified different stock items Discussions

Write discussion on What are the classified different stock items
Your posts are moderated
Related Questions
A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.

Is it important to stress quality in a logistic system?

During the holidays, companies often provide gifts to customers. The more a client spends, the larger the gift, usually. To segment customers in this way, for what purpose is this

Know discuss what business you selected and the best possible method for determining the value of the business you selected. Explain your rationale

In the table given below the Distribution Manager is expected to service these DCs as per the demands placed. If the actual sales after completing week one is as follows, what woul

• Explain why some states do and other states don't have a public-sector bargaining law or laws that cover some public employees but not others. • From the second e-Activity, co

How can efficiency of purchasing processes be improved?

Write a job description for a position in tomorrow's business environment

Describe a set of circumstances under which you might legitimately consider disciplinary action for a chronic complainer.