Inventory Management And Receivable Management

Vishal T. Shinde Roll No.08 Std:MMS Sem-2

What is Inventory Management?

Types of Inventory
Raw material
Work-in-progress Finished goods

Objectives Of Inventory Management

To provide continuous supply of raw material To reduce the wastage and to avoid damage To meet demand for goods of ultimate consumers on time To avoid excess and indequate storing of materials To protect quality of raw materials

Cost Associated With Holding Inventory

Financial Cost Cost Storage Theft, Damage And Accident Inventory Carrying Cost

Inventory Management Techniques:

1. 2. How Much Should Be Ordered ? EOQ:-Ordering Cost ,Carrying Cost When Should It Be Ordered ? Reorder Point:-Lead Time, Safety Stock

Receivable Management:
Need

What Is Accounts Receivable:

What Issues Govern The Account Receivable or Credit Sale

Credit Sales Volume Credit Policies Business Term Competition Location New Product

Thank you