inventory technique

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Inventory is one of the major current assets to the organization. They are important input of final product. It is an area where significant cost savings can be made. Inventory decisions are high risk and high impact from the perspective of financial operation. Inventory, as current asset, differs from other current assets because only financial managers are not involved. Rather, all the functional areas, finance, marketing, production, and purchasing are involved. The job of the financial manager is to reconcile the conflicting viewpoints of the various functional areas regarding the appropriate inventory levels in order to fulfill the overall objective of maximizing the owner’s wealth. Raw materials shortages can shutdown a manufacturing line or modify a production schedule, which, in turn introduces added expenses and potential for finished goods shortages. Just as shortages can disrupt planned marketing and manufacturing operations, over stocked inventories also create problems. Overstocks increases cost and reduce profitability through added warehousing, working capital requirements, deterioration, insurance, tax and obsolescence.

 

[uploader]

i think the file is givin some error

 

[ravibparikh]

hi... i m ravi
persuing mba frm inc

:SugarwareZ-191: seeking help

 

[rohini_gupta1412]

hey ples download youe file again. i know this would take you precious time. butu know this would really a kind work and your efforts wold be really appreciated by everyone.

 

[jitendra05]

Inventory is one of the major current assets to the organization. They are important input of final product. It is an area where significant cost savings can be made. Inventory decisions are high risk and high impact from the perspective of financial operation. Inventory, as current asset, differs from other current assets because only financial managers are not involved. Rather, all the functional areas, finance, marketing, production, and purchasing are involved. The job of the financial manager is to reconcile the conflicting viewpoints of the various functional areas regarding the appropriate inventory levels in order to fulfill the overall objective of maximizing the owner’s wealth. Raw materials shortages can shutdown a manufacturing line or modify a production schedule, which, in turn introduces added expenses and potential for finished goods shortages. Just as shortages can disrupt planned marketing and manufacturing operations, over stocked inventories also create problems. Overstocks increases cost and reduce profitability through added warehousing, working capital requirements, deterioration, insurance, tax and obsolescence.

Hey tina, thanks for the information but i think your file is missing or it has been deleted so please try to upload it again. BTW, i am also uploading a document where you would find the detailed information on inventory technique.