Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Financial manager's role in inventory management
The techniques of inventory management are very useful in determining the optimum level of inventory and finding answers to the problems of the economic order quantity, the re-order point and the protection stock. The methods are very essential to economies the use of resources by minimizing the total inventory cost. Although out treatment of inventory management has been simple, it indicates the broad framework of managing inventories. Many sophisticated techniques have been evolved to handle inventory management problems more efficiently and effectively and the improvements are still continuing. For the majority of the companies, inventory represents a substantial investment. Thus, the goal of the wealth maximization is related to the efficiency with which inventory is managed. Consequently, the financial manager has an important role to play in the management of inventory, although it is not his operating responsibility to control inventory. The financial manager should see that only an optimum amount is invested in inventory. He must be familiar with the inventory control methods and ensure that inventory is managed well. He must introduce the policies that reduce the lead time, regulate usage and therefore, minimize safety stock. The total effect would be to decrease inventory investment and increase the firm's prospects of making more profits.
Advantages and Disadvantages
stanley shoe company established a line credit with a local bank. the maximum amount that can be borrowed under the terms of the agreement is $100000 at an annual rate of 12%. a co
Sales of Cool-Man air conditioners have increase steadily during the past five years: Year Sales 1 450 2 495 3 518 4 563 5 584 6 ?
SK 2 Chapter 10: Master budgeting Objective How organisations strive to achieve their financial goals by preparing a number of budgets that together form an integrated business pla
Criticism of Material Requirement Planning
Quasar Computers are the first all optical notebooks and their profit largely affects the manipulations in cost, price, total revenue and quantity changes. The market analysis show
what is management
#que sri mookambikastion traders
CHOOSING ORDER QUANTITY (SIZE—PROBLEM) The objective of inventory decisions is usually to minimize total inventory costs to the company. Costs are ascribed to all elements whic
As an MBA Managerial Accounting Student, John has asked you to evaluate the alternatives available and make recommendations as to the best course of action, and present it in a Rep
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd