Inventory Management

From the above definition the avocation points stand come on with in tuneant to blood: ? each(prenominal) organizations engaged in production or cut-rate sale of products hold schedule in one form or other. ? stock-take can be in pick surface state or unelaborated state. ?Inventory is held to facilitate afterlife consumption, sale or set ahead processing/ nurture addition. ? all in all inventoried resources have economic value and can be considered as assets of the organization. INPUTPROCESSOUTPUT Raw MaterialsWork In changeFinished Goods Consumables needed for processing. Eg : Fuel, Stationary, Bolts & Nuts etc. compulsory in manufacturingSemi-Finished Production in variant stages, lying with various departments want Production, WIP Stores, QC, Final Assembly, paint Shop, Packing, let outbound Store etc.

Finished Goods at Distribution Centers throughout issue Chain Maintenance Items/ConsumablesProduction burn out and ScrapFinished Goods in transit Packing MaterialsRejections and DefectivesFinished Goods with stock-takingingiest and Dealers topical anesthetic purchased Items required for productionSp atomic number 18 Parts Stocks & Bought Out items Defectives, Rejects and gross sales Returns Repaired Stock and Parts Sales Promotion & taste Stocks INVENTORY circumspection -------------------------------------------------------------------------------- Ads by Google Building Management Sys. - Filipino Distributor: BMS, DDC, Controls HVAC, Lighting, assenting - www.rafallopercalin.com Inventory Management - Control your bloodline with software intentional for your concern - www.PredictionSoftwareInc.com Pricing Solution - Navetti: wage hike your profitability in a sustainable way - www.navetti.com film by: Kheng Guan TohInventory management, or inventory control, is an attempt to balance inventory engages and requirements with the need to minimize be resulting from obtaining and holding inventory. There are some(prenominal) schools of thought that view inventory and its function differently. These will be addressed later, but...If you want to hail a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper