Inventory Management Techniques

Inventory Management Techniques

Meaning of Inventory ManagementInventory Management techniques help in tracking and controlling the inventory orders, their usage, and storage, along with the management of finished… Read Article
Types of Inventory

Types of Inventory / Stock

5 Basic types of inventories are raw materials, work-in-progress, finished goods, packing material, and MRO supplies. Inventories are also classified as merchandise and manufacturing… Read Article

Inventoriable and Period Costs

Inventoriable and period costs are also a type of classification of costs. Inventoriable costs (commonly known as product costs) can be defined as costs… Read Article