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Techniques Of Inventory Management On The Basis Of Records

TECHNIQUES OF INVENTORY MANAGEMENT ON THE BASIS OF RECORDS

A. Inventory budget

It is a kind of functional budget which facilitates the estimated inventory required for the business concern during a particular period. This budget is prepared based on the past experience.

finance
[Post Image Courtesy of Sirayot at FreeDigitalPhotos.net]

B. Inventory reports

Preparation of periodical inventory reports provides information regarding the order level, quantity to be procured and all other information related to inventories. On the basis of these reports, Management takes necessary decision regarding inventory control and Management in the business concern.

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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