Merchandise Inventory – Meaning, Accounting and More
Merchandise Inventory is the most common form of inventory or the inventory that everyone knows. In simple words, it is the inventory that a… Read Article
Inventory Management
Manufacturing Inventory – Meaning, Inventory, and More
Manufacturing inventory or Production inventory is one of the many types of inventory. It includes stock of all parts and materials that is available… Read Article
Cycle Inventory – Meaning, Importance and How to Calculate
Cycle Inventory or Cycle stock or working stock or lot size stock is an essential part of the total inventory. It is that part… Read Article
When does the cost of the inventory become an expense?
Inventory Cost as ExpenseThe cost of the inventory becomes an expense when a business earns revenue by selling its products/ services to the customers.… Read Article
Decoupling Inventory – Meaning, Importance, Advantages and More
Decoupling inventory is a type of inventory that is of use to manufacturing firms. Moreover, this inventory comes in handy if the production processes… Read Article
Economic Order Quantity and Economic Production Quantity
What is EOQ & EPQ?Economic Order Quantity (EOQ) and Economic Production Quantity (EPQ) both are widely and successfully used models of inventory management. Economic… Read Article
Anticipatory Inventory – Meaning, Importance, Advantages and More
Anticipatory inventory is the extra stock that a company maintains to account for fluctuations in demand for the product. A company keeps this type… Read Article
Buffer Inventory – Meaning, Advantages, Methods and More
What is Buffer Inventory / Stock?Buffer Inventory is the extra stock of either raw material or final product a company maintains as a protection… Read Article
MRO Inventory – Meaning, Importance, How to Manage
MRO Inventory means maintenance, repair, and operations inventory. It includes an inventory of all items that are useful to keep a company running. Or,… Read Article
Economic Order Quantity(EOQ)
What is Economic Order Quantity (EOQ)?Economic Order Quantity is the optimum quantity of an item that should be ordered at a point in time.… Read Article
FIFO Meaning, Importance and Example
For any company, there are two possible inventory valuation methods, LIFO and FIFO. Where LIFO stands for last in first out, FIFO, on the… Read Article