Internal control Essay Samples and Topic Ideas

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...