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Inventory Control Techniques. Inventory control involves various techniques for monitoring how stocks move in a warehouse. Four popular inventory control methods include ABC analysis; Last In, First Out (LIFO) and First In, First Out (FIFO); batch tracking; and safety stock. This section explains how each of these methods functions and how they.


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Inventory control models. Inventory control models. EOQ Model. Learning objective. After this class the students should be able to: calculate the order quantity that minimize the total cost inventory, based on the EOQ model and analyze the implication of this model. Time management. 268 views • 19 slides


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• Inventory control is defined as safe guarding of company's property in the form of inventory and maintaining at the optimum level considering the operating requirements and financial resources of business. Or • Inventory is the list of moveable items which are required to manufacture a product or to maintain equipment.


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Inventory managers and warehouse executives will find these gorgeous slides suitable for discussing the inventory control system's key components and processes. You can also depict inventory control's tools, techniques, and benefits and how it differs from inventory management.


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First, inventory is calculated by one of the inventory control methods. Next, inventory value is compared to market value to determine if an adjustment should be made. The difference is charged to the Cost of Goods Sold account or to a special Loss Account if material. Lower of Cost or Market (cont'd)


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Presenting our well structured Methods Of Inventory Control In Supply Chain Management. The topics discussed in this slide are Stocking Methods, Inventory Control, Supply Chain Management. This is an instantly available PowerPoint presentation that can be edited conveniently. Download it right away and captivate your audience.


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Slide 1: This slide introduces Implementing Strategies for Inventory Management and Control.State your company name and begin. Slide 2: This slide depicts the Agenda of the presentation. Slide 3: This slide elucidates the Table of contents. Slide 4: This slide highlights the Title for the Topics to be covered further. Slide 5: This slide showcases issues faced by organization due to.


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6.01 Inventory Control Methods Understand Inventory Control Methods PowerPoint #3. Inventory Control Methods • Help businesses account for Ending Inventory and help determine Cost of Goods Sold • If Inventory consists of large, identifiable items, it is easy to compute the above. • If Inventory consists of lots of items that are not specifically identifiable, such as in a hardware store.


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3. Inventory management software often plays an important role in the modern inventory control system, providing timely and accurate analytical, optimization, and forecasting techniques for complex inventory management problems. Typical features of this type of software include _ ⦁ inventory tracking and forecasting tools that use selectable algorithms and review cycles to identify anomalies.