How is business inventory control used?

Related BrainMass Solutions

• In practical terms, how would you determine the inventory turnover rate for a HCO which focuses on patient care? How would you use this rate to help manage such a HCO's inventory levels? What are the key problems and issues involved in calculating and using the inventory turnover rate in HCOs?

  79151 Healthcare Organizations and inventory control "Once you identify your physical inventory status, a popular idea used in business to help evaluate your inventory control process is the inventory turnover rate (or ratio) - a topic discussed earlier

• 1) What inventory controls does you company use? Compare them to those of a competitor, or that a company in a similar industry uses. 2) Which costs of inventory does your company incur? With an example, please quantify them. 3) What project management tools does your company use? With an example, describe how you, or someone in your company has used these tools.

  It is a point-of-sale/inventory control software, and we used it for complete control over stock levels and inventory tracking.

• Inventory errors & valuation of receivables

  If there are errors in the inventory, then the company is not aware of the changes in the business climate or the operations output problems. Inventory on hand can also be used to value a stock.

• ABC Analysis

  ABC analysis is a type of inventory control theory that helps to determine how much to order when there are different inventory values that a company must manage.

• Small Business Growth and Development

  Replenishment techniques - These techniques are used to answer two basic questions concerning inventory: when to order and how much.

• Inventory Control Importance in an Enterprise

  3.How can an enterprise resource planning system assist a firm with improving its business operations?

• Inventory Management and Financial Stability

  Inventory management affects many areas due to the advantages and disadvantages of how inventory is handled. If inventory is not properly handled and excess inventory sits, it costs the company money.

• Weighing risk against return, is insurance beneficial, more.

  Explain a fraud scheme that could be used for inventory. A. Observing physical inventory: 1. Inspect the premises to determine whether: a. The arrangement of inventory is such that an accurate count is possible. b.

• Adverse Affects

  Earlier there was only one stock keeper who used to keep all records in a register and was responsible for the inventory. Now a second person enters inventory records on the inventory system.