Many small business controllers have responsibility for supervising and monitoring the overall impact of ensuring a sufficient amount of inventory is on hand to satisfy the needs of its customers, as well as minimizing its overall carrying costs. This chapter addresses areas within the inventory management process including inventory turnover, carrying costs, reorder points, different methods of inventory valuation, the ABC approach, just-in-time inventory management, direct material and direct labor costs, and cycle counting.
The Many Aspects of Inventory Management
This chapter addresses many issues the controller considers when discharging his responsibilities regarding inventory management
Inventory Turnover ...