Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
115Activity
0 of .
Results for:
No results containing your search query
P. 1
Inventory Control

Inventory Control

Ratings: (0)|Views: 1,160|Likes:
Published by Shalini
This is an overview of inventory & inventory control.
This is an overview of inventory & inventory control.

More info:

Categories:Types, Business/Law
Published by: Shalini on Feb 13, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

11/09/2012

pdf

text

original

 
Inventory Control
 
Introduction
The term inventory means the value or amount of materials or resource on hand. It includes rawmaterial, work-in-process, finished goods & stores& spares.
Inventory Control is the process by which inventoryis measured and regulated according topredetermined norms such as economic lot sizefor order or production, safety stock, minimumlevel, maximum level, order level etc.
Inventory control pertains primarily to theadministration of established policies, systems &procedures in order to reduce the inventory cost.
 
Objectives of Inventory Control
To meet unforeseen future demand due to variationin forecast figures and actual figures.
To average out demand fluctuations due to seasonalor cyclic variations.
To meet the customer requirement timely,effectively, efficiently, smoothly andsatisfactorily.
To smoothen the production process.
To facilitate intermittent production of severalproducts on the same facility.
To gain economy of production or purchase in lots.

Activity (115)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Pawan Coomar liked this
Vinay Yadav liked this
bigy27 liked this
bigy27 liked this
basantkshetri liked this
Rahmat Joy liked this
kaurtejinder liked this
Anil Bhatia liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->