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ABC Analysis or Selective Inventory Control(Sic)

ABC Analysis or Selective Inventory Control(Sic)

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Published by Niteysh AK Roy
DEFINITION
The ordinary dictionary meaning of inventory is ‘ a list of goods an estate contains’.  Inventory-A physical resource that a firm holds in stock with the intent of selling it or transforming it into a more valuable state. Inventory System- A set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be


IT CONSISTS OF:
1.
2. 3.

4.
5. 6.

Raw materials Work in progr
DEFINITION
The ordinary dictionary meaning of inventory is ‘ a list of goods an estate contains’.  Inventory-A physical resource that a firm holds in stock with the intent of selling it or transforming it into a more valuable state. Inventory System- A set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be


IT CONSISTS OF:
1.
2. 3.

4.
5. 6.

Raw materials Work in progr

More info:

Published by: Niteysh AK Roy on Oct 11, 2012
Copyright:Attribution Non-commercial

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10/29/2013

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DEFINITION
 
The ordinary dictionary meaning of inventory is ‘ a
list of goods an estate contains’.
 
Inventory-A physical resource that a firm holds instock with the intent of selling it or transforming itinto a more valuable state.
Inventory System- A set of policies and controls thatmonitors levels of inventory and determines whatlevels should be maintained, when stock should bereplenished, and how large orders should be
 
ITCONSISTSOF:
1.
Raw materials
2.
Work in progress
3.
Maintenance materials
4.
Processed and semi processed materials
5.
Oils, fuels and lubricants
6.
Finished and semi-finished goods

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