Discussion week one ACC214_1

0 / 5. 0

Inventory Controls Name Institutional Affiliation Inventory Controls The article by Talatu Muhammad Barwa provides information concerning the role of inventory control in strategic decision making towards the growth of an organization (Barwa, 2015). It is understandable that the profitability of the organization is tied in the inventory process for the organization. Therefore, the article is relevant to the discussion linking inventory control with the process of effective decision-making. Besides, the process of good internal controls complementing the model of decision-making, the article asserts that good internal control of the inventory minimizes the costs associated with holding inventory. Organisations have varying alternatives for inventory control methods. I believe that the selection of the methods depends on the production capacity of the organization as well as the type of inventory. However, if placed in charge of inventory for my company, the method I would implement for inventory control is the ‘just in time’ method. The just-in-time method of inventory control operates based on keeping the stock at the minimum with replenishment to ensure it does not go below the minimum measure. Other controls that are good for inventory control include the process of stock review, through which the company keeps a check on the stock at regular intervals while placing new orders at the pre-set level (Barwa, 2015). An alternative control for inventory control in an organization involves the use of minimum stock level in addition to batch control. Organizations also have the choice of implementing the economic order quantity (EOQ), in addition to the

Related samples

Name Name von Professor Disziplin Datum Inhalt TOC o "1-3" h z u 1 Einleitung PAGEREF _Toc507996845 h 32 Chancen und Risiken der Digitalisierung PAGEREF...

Motivation und Gesundheitsverhalten Inhaltsverzeichnis TOC o "1-3" h z u Abbildungsverzeichnis PAGEREF _Toc507269413 h 31. Gesundheit und gesundheitsbezogenes...


DESCARTES MEDITATION Student’s Name Institution Introduction This term paper reflects Descartes’ meditation. It gives a critical analysis concerning the...

Student’s Name: Professor’s Name: Course Number: Date: Schizophrenia Psychological disorders are a pattern of irregular thoughts and behaviors which impede a...


Leave feedback

Your email address will not be published. Required fields are marked *