COST ACCOUNTING
INVENTORY AND PRODUCTION MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The activities and techniques of determining the desired levels of items.
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Inventory Planning
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Inventory Policies
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Inventory Management
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Inventory Shrinkage
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Explanation:
Detailed explanation-1: -In this article we’ll dive into the three most common inventory management strategies that most manufacturers operate by: the pull strategy, the push strategy, and the just in time (JIT) strategy.
Detailed explanation-2: -Inventory control and monitoring systems are accounting approaches to track the number of goods on hand. Big companies often monitor inventory across stores, warehouses and even websites. The two main systems are periodic and perpetual tracking systems.
There is 1 question to complete.