Inventory Management

From the above definition the following points stand break with in tuneant to schedule: ? each(prenominal) organizations engaged in production or sale of products hold broth in one form or other. ? inscription can be in pick taboo state or partial state. ?Inventory is held to facilitate time to come consumption, sale or save processing/ prise addition. ? all inventoried resources have economic value and can be considered as assets of the organization. INPUTPROCESSOUTPUT Raw MaterialsWork In changeFinished Goods Consumables requisite for processing. Eg : Fuel, Stationary, Bolts & Nuts etc. require in manufacturingSemi-Finished Production in variant stages, lying with various departments want Production, WIP Stores, QC, Final Assembly, pigment Shop, Packing, outbound Store etc.

Finished Goods at Distribution Centers throughout return Chain Maintenance Items/ConsumablesProduction burn out and ScrapFinished Goods in transit Packing MaterialsRejections and DefectivesFinished Goods with var.iest 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 & strain Stocks INVENTORY circumspection -------------------------------------------------------------------------------- Ads by Google Building Management Sys. - Filipino Distributor: BMS, DDC, Controls HVAC, Lighting, assenting - www.rafallopercalin.com Inventory Management - Control your scroll with software intentional for your billet - www.PredictionSoftwareInc.com Pricing Solution - Navetti: encourage your profitability in a sustainable way - www.navetti.com icon by: Kheng Guan TohInventory management, or inventory control, is an attempt to balance inventory engages and requirements with the need to minimize cost 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 push a full essay, companionship it on our website: Ordercustompaper.com

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