August 2011
Beginner
547 pages
16h 12m
English
Content preview from Fundamentals of Financial Management, Third EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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11.2 GOAL OF INVENTORY MANAGEMENT
Since inventory management is fraught with both costs and benefits, a finance manager must make a trade-off between the two so as to maximise the value of the firm. To be precise, he or she must take into account four important points. They are as follows:
- Inventories should be grouped according to their importance and special care should be taken of more important items;
Break-up of Inventory among 1,377 private limited companies in India
Source: RBI Bulletin, Mar. 2007.
- The size of the order for inventories should be economic so as to minimise the total cost;
- The re-order point needs to be determined ...
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