Inventory Control
- Accounting
6 Most Used Techniques of Inventory Control in Cost Accounting
An efficient system of inventory control involves a number of steps. They are as follows: (1) Deciding the maximum-minimum Limits…
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Difference Between ABC Analysis and VED Analysis
ABC Analysis or Always Better Control Analysis: ABC Analysis a matter of common experience that in all organizations some items of inventories…
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Objectives Importance and Process of Value Analysis
The technique of Value analysis was first developed in General Electric Company in the U.S.A. by Lawrence D. Miles. Value…
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How Input-output Ratio of Materials Can be Used as Performance Measure
Input-output ratio is the ratio of raw materials going into production and raw standard material control of the actual output…
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Treatment of Surplus Materials Already Charged to a Job
There are usually two methods for disposing of surplus material already charged to a job in work-in process. they should…
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Advantages of Perpetual and Periodic Stock Taking System
Advantages of Perpetual Inventory and Continuous Stock Taking System: (i) The long and costly work of a stock-taking count is…
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Meaning of Perpetual and Periodic Inventory System
Perpetual inventory system is also known as automatic inventory system. According to ICMA, London, it is, Â a system of records…
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ABC Analysis: Advantages of ABC Analysis in Inventory Control
ABC analysis is a form of control over stores. Its full name is Always Bola control and it is also…
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Calculation of Economic Order Quantity and Its Weaknesses
A strategic factor in inventory control is computing the optimum size of a normal purchase order. It is the quantity…
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Factors To be Considered while Fixing Maximum and Minimum Stock Limits
As we know that the major goal of inventory control is to discover and maintain the optimum level of inventory…
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