Archive | Inventory Control

Inventory Control: Techniques and Methods of (With Formula and Example) | Cost Accounting

The following are various inventory control techniques and methods used in different industries: 1. Demand and Supply Method of Stock Control - Levels of Stock and EOQ 2. Stock Control According to Value-ABC Analysis 3. Perpetual Inventory System 4. Just-In-Time Inventory (JIT) 5. VED Analysis 6. FSND Analysis 7. Automatic Order System 8. Ordering Cycle Method 9. Min-Max Method and  [...]

By |2018-06-18T11:02:01+00:00June 18, 2018|Inventory Control|Comments Off on Inventory Control: Techniques and Methods of (With Formula and Example) | Cost Accounting
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Top 2 Inventory Control Ratio’s | Cost Accounting

The following points highlight the top two inventory control ratio’s. They are: 1. Input-Output Ratio 2. Stock Turnover Ratio. 1. Input-Output Ratio: Input-output ratio is used in material control, which indicates the relation between the quantity of material used in the production and the quantity of final output. Advantages: The advantages of analysis of input-output ratios are given below: (a) [...]

By |2016-12-12T08:06:17+00:00December 12, 2016|Inventory Control|Comments Off on Top 2 Inventory Control Ratio’s | Cost Accounting
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