Inventory Management Financial Management

gun line Management FINANCIAL focussing Section F2 Group Members: Aarti Purohit Arun Koshiya Jai Shankar Patel Pushpa Patel Priyanka Biswas Reshma Dsouza Varun Maurya 1 1. take stock focusing: Basic about stemma, what do we mean by inventory, accusatory etc. 1. WHY KEEP gillyflower: Meet ingest Keep operations running Lead time shelve Quantity discount Smoothing requirements Example of Inventory 3 5 1. NATURE OF enumeration: fond material Work in progress Finished goods 9 7 1. TYPES OF INVENTORY: Transit Inventory Buffer Inventory Anticipation Inventory Decoupling Inventory Cycle Inventory MRO Goods Inventory Theoretical Inventory 1. unlike COSTS RELATED TO INVENTORY MANAGEMENT 2. INTEGRATED INVENTORY MANAGEMENT SYSTEM 3. PRICING OF RAW MATERIALS FIFO last in first out Weighted average cost method Standard price (cost) method 12 14 15 1. INVENTORY MANAGEMENT TECHNIQUES: 17 EOQ Ordering be Carrying costs Reorder point Lead time Safety stock The inventory management process by GENERAL gillyflower 21 1. INVENTORY CONTROL SYSTEM: ABC inventory train system. Just In Time system. Out sourcing. Computerized inventory confine systems.

24 28 29 1. 25 WAYS TO LOWER INVENTORY COSTS 2. THE FUTURE OF INVENTORY MANAGEMENT 3. INVENTORY MANAGEMENT IN PRACTISE: 2 1. INVENTORY MANAGEMENT Inventory management, or inventory control, is an attempt to balance inventory needs and requirements with the need to smirch costs resulting from obtaining and holding inventory. Dulux paint WHAT IS INVENTORY? Inventory is a inclination of an orbit for goods and materials, or those goods and materials themselves, held available in stock by a business. It is also used for a list of the contents of a household and for a list for testamentary purposes of the possessions of someone who has died. In accounting inventory is considered an asset. Inventory management is primarily about... If you wishing to get a full essay, order it on our website: Orderessay

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