December 2012
Intermediate to advanced
561 pages
22h 33m
English
Content preview from Logistics Management ,3rd Edition by Pearson
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Inventory Management • 113
Inventory Cost. Inventory blocks funds. Funds once blocked cannot be invested in any other pro-
ductive activities. The lost opportunity cost is not so easy to quantify. However, the cost of blocked
funds in excess of the optimum cost is computed in terms of inventory-carrying cost discussed
below.
Carrying Cost. The second major cost contributor is carrying cost. Funds invested in inventory
attract interest charges on working capital borrowed from the bank. The current bank rate of
interest on working capital borrowring is 12–15 per cent. Thus, the interest charges investment on
excess inventory will erode ...
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