Inventory Management and Control

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EDUCBA Bridging the Gap

4:32:37

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1. Meaning & Objective

1. Introduction to Inventory Management.mp4

03:53

2. Introduction to Inventory Management Continues.mp4

10:12

3. Objective of Inventory Management.mp4

11:28

2. Level For Inventory

1. Level For Inventory.mp4

12:13

2. Maximum Stock Level.mp4

06:17

3. Example of Maximum Stock Level.mp4

07:07

4. Example of Maximum Stock Level Continues.mp4

08:14

5. Minimum Stock Level.mp4

11:08

6. Example of Minimum Stock Level.mp4

12:27

7. Ordering Level.mp4

05:59

8. Example Ordering Level.mp4

07:34

9. Danger Or Safety Stock Level.mp4

11:43

3. Economic Order Quantity

1. Econimic Ordered Quantity.mp4

07:29

2. Cost Of Inventory.mp4

06:56

3. Optimal Quantity to Order.mp4

07:55

4. Optimal Quantity to Order Continues.mp4

06:26

4. Example of EOQ

1. EOQ.mp4

07:16

2. Example of EOQ.mp4

09:31

3. Price Discount and EOQ Example.mp4

08:30

4. Price Discount and EOQ Example Continues.mp4

07:24

5. EOQ Lead Time.mp4

10:20

5. ABC Analysis

1. ABC Analysis.mp4

06:53

2. Illustration.mp4

06:21

6. Procurement Process

1. Procurement Process.mp4

07:09

2. Procurement Process Continues.mp4

07:06

7. Pricing Of Stores Receipts

1. Pricing Of Stores Receipts.mp4

04:08

2. Illustration Pricing Of Stores.mp4

10:01

3. Methods of Inventory Valuations.mp4

10:35

4. FIFO Inventory Valuation.mp4

09:25

5. FIFO Inventory Valuation Continues.mp4

07:03

6. LIFO Inventory Valuation Continues.mp4

08:13

7. Average Cost Methods.mp4

07:24

8. Just In Time Invetory.mp4

08:17

Description

What You'll Learn?

Inventory Control – Meaning & Objective
Fixation of Inventory Level
Economic Order Quantity
ABC Analysis
Procurement Process
Pricing of material issued and inventory
Just In Time Inventory

Who is this for?

Accountants, Cost Accountants, Tax consultants, Students

What You Need to Know?

Foundation knowledge of Accounting terms

More details

Description
Through these tutorials we shall brush upon the very basic of inventory management and understand various terms associated with it. The training has been taken with the help of practical illustrations and examples to understand the topics better. The training would include the following:
Inventory Control â€“ Meaning & Objective
Fixation of Inventory Level
Economic Order Quantity
ABC Analysis
Procurement Process
Pricing of material issued and inventory
Just In Time Inventory
Inventory can be defined as any asset i.e. resources capable of generating future economic benefits held by any manufacturing/ service organization which are either: â€“
Held for sale in the ordinary course of business; or
Used in the production of goods organization produces and sell; or
Or used as a raw material or any other supplies which will be consumed in the process of production or service supply.
Inventories can be defined as any asset or resource owned by an organization which is either purchased and hold for the purpose of selling or will be used in the production of finished goods which will be sold further or any raw material or consumable supplies which are used in manufacturing or providing services. Not only goods which are directly sold are considered as inventory but also all other materials/ supplies which are consumed or gets converted into finished goods are also considered as inventory. Not only a manufacturing industry but also a service provider can have inventories. Three basic classifications of inventories are as follows:
Raw Material: This is basic goods procured which will be converted into finished goods;
Work-In-Progress: Type of inventory on which the production process is applied partially but is not wholly converted into finished goods at any particular point of time.
Finished Goods: Finished goods are form of inventories on which the entire production process is applied and the product is in sellable condition.

Who this course is for:
Accountants, Cost Accountants, Tax consultants, Students

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