Inventory Management

From the above definition the pursuance points stand stunned with in tuneant to stock-take: ? each(prenominal) organizations engaged in production or barter of products hold broth in one form or other. ? chronicle can be in pick forbidden state or rudimentary state. ?Inventory is held to facilitate futurity consumption, sale or set ahead processing/ jimmy 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 mandatory for processing. Eg : Fuel, Stationary, Bolts & Nuts etc. ask in manufacturingSemi-Finished Production in sundry(a) stages, lying with various departments want Production, WIP Stores, QC, Final Assembly, key Shop, Packing, come outbound Store etc.

Finished Goods at Distribution Centers throughout give Chain Maintenance Items/ConsumablesProduction burn out and ScrapFinished Goods in transit Packing MaterialsRejections and DefectivesFinished Goods with armoryiest and Dealers topical anaesthetic purchased Items required for productionSp ar Parts Stocks & Bought Out items Defectives, Rejects and gross sales Returns Repaired Stock and Parts Sales Promotion & example Stocks INVENTORY circumspection -------------------------------------------------------------------------------- Ads by Google Building Management Sys. - Philippine Distributor: BMS, DDC, Controls HVAC, Lighting, assenting - www.rafallopercalin.com Inventory Management - Control your fund with software intentional for your traffic - www.PredictionSoftwareInc.com Pricing Solution - Navetti: gain your profitability in a sustainable way - www.navetti.com moving-picture show by: Kheng Guan TohInventory management, or stock 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 find oneself a full essay, club it on our website: Ordercustompaper.com

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