Inventory Management

By Hedrick, Floyd D.

Book Id: WPLBN0000696980
Format Type: PDF eBook
File Size: 160,740 KB.
Reproduction Date: 2006

Title:	Inventory Management
Author:	Hedrick, Floyd D.
Volume:
Language:	English
Subject:	Small Business Administration, Small business bulletin, Regulations, codes, and protocols
Collections:	Small Business Administration Collection
Historic Publication Date:
Publisher:	Small Business Administration


Citation APA MLA Chicago Hedrick, F. D. (n.d.). Inventory Management. Retrieved from http://self.gutenberg.org/

Description
Government Reference Publication

Excerpt
Introduction : inventory to many small business owners is one of the more visible and tangible aspects of doing business. Raw materials, goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. Likewise, merchandise stocks in a retail store contribute to profits only when their sale puts money into the cash register. In a literal sense, inventory refers to stocks of anything necessary to do business. These stocks represent a large portion of the business investment and must be well managed in order to maximize profits. In fact, many small businesses cannot absorb the types of losses arising from poor inventory management. Unless inventories are controlled, they are unreliable, inefficient and costly.

Table of Contents
TABLE OF CONTENTS INTRODUCTION SUCCESSFUL INVENTORY MANAGEMENT THE PURCHASING PLAN CONTROLLING INVENTORY DEVELOPMENTS IN INVENTORY MANAGEMENT TIPS FOR BETTER INVENTORY MANAGEMENT SPECIAL TIPS FOR MANUFACTURERS APPENDIX