Monday 17 December 2018

importance of Control Inventory

Control Inventory

Understanding and the importance of Control Inventory is a concept which reflects the resources that can be use but not/has not been use.

Understanding inventory can be interpret in several different things, including:

  • Stock available at a moment's notice.

  • list the details of the items are available.

  • (for finance and accounting) total

Stock of goods owned by an organization at a time. Principal functions of the inventory is to satisfy all customer requests with inventory that is minimal as possible. But we should not see the advantages gain by simply paying attention. To in terms of the inventory from the warehouse inventory as influential in all departments. That exist in a company.

Cost Inventory

The cost of inventory is the operating expenses of a system inventory originating from the activities of an inventory management system. That implements the a goal from his own inventory management is to get the real value of raw materials, supplies and goods so the right place, at the right time and cost.

The cost of purchase (Purchase cost)

 For this cost always categorize as the cost of a type of goods when the goods are place in a unit of inventory.

For example, for type of goods bought, the purchase cost is the purchase price plus any other charges or discounts. The purchase price is subject to change depending on the number of goods purchase. Usually the bigger the amount purchase, the greater the pieces provided by the supplier. For example, at the factory, which is include as a purchase cost is the cost of direct labor, and factory overhead costs of major raw materials.

Booking fees (Order/Setup Cost)

This cost comes from the influx of orders from suppliers. This fee is typically discussed as the sum of the messages and not discussed as size/large number of ordered goods. For example, this order cost is the cost of booking, writing messages, receipt of goods, the goods, checking writing invoices sales. The other important works that serve to complete the transaction. In a production cost that can be categorize in this cost is labor scheduling, delivery and expedition/checking of the quality of the goods.

Storage costs (Holding Cost)

Are the additional costs that come from a variety of sources due to storage in the warehouse such as capital costs, taxes, insurance, storage and depreciation costs.

The cost of the void goods (Stock out Cost)

This cost can be derive from two sources, namely external sources. When there are events where customers are unable to obtain. What was order and the result is the recent delivery, lost sales and consumer trust are internal source occurs. If the company does not have inventories of goods request by customers. Recent delivery can lead to the incidence of the cost of transport, shipping and packing costs. Trust subscriptions may result in customers not will be booking again in the future.

However, this is usually overcome by the company by purchasing the desire product. To another company and sold back to the customer, and sometimes unprofitable and not even rarely companies suffer losses.

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