Tag Archives | Inventory Management

Inventory Management: Control Levels, Methods and EOQ model | Cost Accounting

Inventory Management: Control Levels, Methods and EOQ model! The objective of inventory management is to minimize the total of inventory carrying and ordering costs while ensuring that 'stock-outs' do not occur and the surplus stocks are not accumulated and carried. Inventory Management Control Levels: Firms establish control levels for standard materials, which are in regular use. Control levels cannot be [...]

By Parishmita|2018-05-16T07:31:19+00:00May 16, 2018|Inventory|Comments Off

Inventory Management: Meaning, Objective and Techniques

After reading this article you will learn about Inventory Management:- 1. Meaning of Inventory Management 2. Objectives of Inventory Management 3. Techniques 4. Inventory Valuation. Meaning of Inventory Management: 'Inventory refers to the stockpile of the product a firm is offering for sale and the components that make up the product.' In short, inventory is such type of assets which [...]

By Himanshi Jeswani|2016-06-18T06:57:30+00:00June 18, 2016|Inventory|Comments Off