Finance
Textbooks
Boundless Finance
Working Capital Management
Finance Textbooks Boundless Finance Working Capital Management
Finance Textbooks Boundless Finance
Finance Textbooks
Finance

Section 5

Inventory Management

Book Version 3
By Boundless
Boundless Finance
Finance
by Boundless
View the full table of contents
10 concepts
Thumbnail
Inventory Types

Most manufacturing organizations usually divide their inventory into raw materials, work in process, finished goods, and goods for sales.

Thumbnail
Inventory Techniques

FIFO, LIFO, and average cost methods are accounting techniques used in managing inventory.

Thumbnail
ABC Technique

The ABC analysis is an inventory categorization technique often used in material management wherein accuracy and control decreases from A to C.

Thumbnail
Seasonal Production

Seasonal trends and internal projections of consumption in certain goods can have a significant impact on opportunity cost and potential profit for an organization.

Thumbnail
Impact of Inflation on Inventory Management

High inflation encourages companies to keep a high level of inventories.

Thumbnail
Inventory Costs

Inventory costs depends on methods used, which include Specific Identification, Weighted Average Cost, Moving-Average Cost, FIFO, and LIFO.

Thumbnail
Economic Order Quantity Technique

Economic order quantity is the order quantity that minimizes total inventory holding costs and ordering costs: ${ Q }^{ * }=\left( \frac { 2DS }{ H } \right) ^{ \frac { 1 }{ 2 } }$.

Just-in-Time Technique

Just in time (JIT) is a production strategy that strives to reduce in-process inventory and carrying costs in a manufacturing system.

Thumbnail
Benefits of Inventory Management

Improved inventory management can lead to increased revenue, lower handling and holding costs, and improved cash flows.

Thumbnail
Dangers Involved in Inventory Management

Excessive inventory means idle funds which earn no profits; inadequate inventory means lost sales.

Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.