important Objectives of Inventory Control

Posted on 14-05-2016        By ADMIN

important Objectives of Inventory Control

cs executive cost and management accounting mcq objectice notes

Objectives of Inventory Control

Some of the basic objectives of inventory control are as follows:

• To provide continuous flow of required materials, parts and components for efficient and uninterrupted flow of production.

• To minimize investment in inventories keeping in view operating requirements.

• To provide for efficient store of materials so that inventories are protected from loss by fire and theft and handling time and cost are kept at a minimum.

• To keep surplus and obsolete items to minimum.

Comment :