Preview

inventory

Satisfactory Essays
Open Document
Open Document
1397 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
inventory
Ашигласан материал
Монгол хэл дээр:
Б.Асралт, С.Ариунбаяр “Логистик менежмент” 2009 он
Д.Бадарч, А.Мөнхболд “Логистик” Улаанбаатар 2002 он
Ч.Буянжаргал, Б.Гансүх “Үйлдвэр үйлчилгээний менежмент” УБ хот
Л.Эрдэнэсувд, “Бизнесийн статистик” УБ хот 2001 он
Н.Цэнд, Ц.Ариунаа, Ц.Халиунаа “Төслийн менежмент” УБ хот
Ашигласан веб хуудас www.google.com www.tavanbogd.mn www.cscmp.org www.mn.wikipedia.org http://media.techtarget.com/searchSAP/downloads/December2006.pdf http://www.slideshare.net/WelingkarDLP/chapter-6-inventory-control-management
Inventory Analysis
Skip to end of metadata

Added by Guest, last edited by Alon Mizrahi on Nov 01, 2011 (view change) show comment
Go to start of metadata
Inventory Analysis
Inventory analysis is done at regular intervals to support decision making. Inventory analysis basically helps inventory manager to take necessary steps to protect their valuable items. There are many analysis techniques that are used but some of the important techniques are mentioned here.
- ABC Analysis
- XYZ Analysis
- FSN Analysis
- VED Analysis
ABC Analysis
ABC Analysis helps in the classification of the Items on the basis of their Consumption values in a given period. This analysis in Inventory can be done for specified financial period/s or for a range of dates as specified by the user. Analysis can be done on a selective manner on the basis of the Item types or the Group types. It is possible to do this analysis for a particular Warehouse in a location or for all the Warehouses in the location
The consumption value of the items over the specified period for which Analysis is to be done is calculated on the basis of the Receipts, Returns and Adjustments made during that time. The consumption value for items are then put in descending order of their values and the percentage of total consumption value for each item calculated.
Usually the first 70% of the total consumption value in the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    b) ASC 926-330-35-1: This references how an entity can evaluate their inventory at the end of a period. Manly to do with products help for sale, meaning items that are in inventory and that your business is going to be selling to clients. The inventory can be evaluated at the net realizable value, meaning the sale of the product minus the cost associated with it.…

    • 312 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Chapter 9 Quiz

    • 1442 Words
    • 6 Pages

    provides reliable results in cases where the distribution of items in the inventory is different from that of items sold during the period.…

    • 1442 Words
    • 6 Pages
    Good Essays
  • Good Essays

    The Inventory Table contains the components that make up an Item. It is used for managing inventory and determining the availability of ingredients that go into prepared items, such as bakery products, etc.…

    • 851 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    It will help a system administrator collect the necessary information of different situations of inventory…

    • 364 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    ●ABC inventory classification can be done monthly, quarterly, annually or nay fixed period. For the fast-moving consumer market, an A-item may become a C-istem within months or even weeks. Thus, ABC inventory classification based on annual dollar usage would not be very useful to…

    • 3206 Words
    • 13 Pages
    Better Essays
  • Satisfactory Essays

    Chapter 8 Questions 11

    • 1247 Words
    • 5 Pages

    ABC analysis of inventory: can be applied in several different ways, recognizes that inventories are not equal value to a firm and that, as a result, all inventories should not be managed in the same way.…

    • 1247 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    The 20th century is a complex and difficult time in the art life of humanity. The great social shifts of this epoch have rendered special influence on the literature and art of America. We can notice an extraordinary variety of tendencies, currents, schools, styles in the literature of 20th century.…

    • 4980 Words
    • 20 Pages
    Powerful Essays
  • Good Essays

    Inventory Management

    • 333 Words
    • 2 Pages

    ABC stratification used to categorize inventory into groups based upon certain activity characteristics. Examples of ABC stratifications would include ABC by velocity (times sold), ABC by sales dollars, ABC by quantity sold / consumed, ABC by average inventory investment, ABC by margin. ABC stratifications are used to develop inventory-planning policies, set count frequencies for cycle counting, slot inventory for optimized order picking, and other inventory management activities.…

    • 333 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Learning Objective: 13-02 Be able to identify and describe the types of documents and records used in the inventory management process.…

    • 15453 Words
    • 77 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Logistics

    • 365 Words
    • 1 Page

    The ABC classification system is to grouping items according to annual issue value, in an attempt to identify the small number of items that will account for most of the issue value and that are the most important ones to control for effective inventory management. The emphasis is on putting effort where it will have the most effect.…

    • 365 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Inventory System

    • 1413 Words
    • 6 Pages

    Inventory is one of the most important in monitoring a stock that take place in business activity. The inventory system does the entire task in computing the value with inventory (cost and quality) and handling data or information. Inventory System maintains an orderly flow of supplies, raw materials, or finished goods through an office shop/factory because of items in any inventory. Represents cost, they need to be controlled. The purpose of inventory system for management are to keep inventory levels and cost at desire minimums while maintaining to proper safeguards over materials to places and people who need them.…

    • 1413 Words
    • 6 Pages
    Good Essays
  • Best Essays

    inventory management

    • 2330 Words
    • 10 Pages

    Inventory management is a method through, which a business handles tangible resources and materials to ensure availability of resources for use. It is a collection of interdisciplinary processes including a full circle from the demand forecasting, supply chain management, inventory control and reverse logistics.…

    • 2330 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    Cost Of Goods WEEK 7

    • 275 Words
    • 1 Page

    and analyzing inventory (2013) we add the beginning of the period Inventory amount + any purchases…

    • 275 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Abc Analysis

    • 792 Words
    • 4 Pages

    ABC inventory management deals with classification of the items in an inventory in decreasing order of annual dollar volume. This array is then split into three or more classes, called A, B, and C. The ABC classification process is an analysis of a range of items, such as finished products or customers into three categories: A - outstandingly important; B - of average importance; C - relatively unimportant as a basis for a control scheme. Each category can and sometimes should be handled in a different way, with more attention being devoted to category A, less to B, and less to C. Class A contains the items with the highest annual dollar volume and receives the most…

    • 792 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    ABC analysis is a business term used to define an inventory categorization technique often used in materials management. It is also known as Selective Inventory Control.…

    • 398 Words
    • 2 Pages
    Satisfactory Essays

Related Topics