Inventory Management Made Easy with Our Expert Guide
This guide focuses on the inventory management process. It includes quick facts on inventory, policies and procedures for inventory valuation and cycle count, performance measures, a sample inventory work program, and sample process interview questions.
Inventory quick facts include details on the meaning and benefits of perpetual inventory, accounting for perpetual inventories, items included in inventory and costs to include in inventory valuation. Performance measures for cycle time, inventory turns per year, percentage of defective products, unit cost (process costing method), and percentage of on-time deliveries (both inbound and outbound) are also outlined in this document.