Organization Accomplishment and Inventory Control
There are many factors providing significance to the inventory management and control function. Among the more significant of these factors are the following:

1. It costs money to maintain inventories.

2. It costs money to maintain inadequate inventories.

3. Inventories are subject to obsolesence.

4. Inventories are subject to physical deterioration.

5. Inventories are subject to theft.

6. Inventories are subject to price deterioration.

Inventories often represent a major proportion of an organization's current assets, along with the organization's cash and receivables. The need for effective cash control and the need for effective procedures for monitoring and controlling receivables are recognized by most managers. It is surprising how often these same managers overlook the need for effective procedures and practices for inventory management and control.

Inventory Management and Control Techniques

Inventory levels are, to a great extent, the product of inventory policies, and inventory policies are developed as a part of the overall planning and control process in an organization. There are a number of proven techniques for use in the

effective management and control of inventories. Several of these techniques are explained in the following discussions.

Economic order quantity (EOQ) is a well accepted concept in inventory management and control. EOQ means the deter

    Some topics in this essay  
    Environment JIT | Sales Forecasting | CONTEXT Introduction | Meigs Meigs | Planning Material | Sarhan Kiringoda | Fogarty Hoffmann | Concept Economic | INTEGRATIVE CONCLUSION | Management Accounting | inventory management | management control | inventory management control | production inventory | inventory control | manufacturing management | management accounting | inventories subject | lead times | shop floor | production inventory management | maskell 1986b | magee boodman 1989 | sales usage chambers | costs money maintain |  
    Get Better Grades!  
    Saved Papers  
    Save your essays here so you can locate them quickly!  
"I've used this site for 2 semesters and I'll be back next year for sure!"
Liz R.
"This site rocks! I got an A thanks to you helping with my writers block."
Sara B.
"I was in a real bind and your site helped me to come up with ideas for my paper."
Brian T.
"It's nice to be able to find information so quickly and easily."
Jillian T.
"I enjoy reading other writers papers to get their perspective on things. It makes writing my own paper so much easier."
Cindy A.
Copyright © 1999 - 2014 All Rights Reserved. DMCA