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Category: Inventory management

Just-in-time (JIT) production/ procurement

January 23, 2018 Khayyam Javaid, ACA

Just-in-time (JIT) production/ procurement, also known as “lean manufacturing” or “Toyota Production System (TPS)”, is a relatively modern technique of…

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Posted in: Inventory management, Management Accounting

Inventory warning levels

January 20, 2018 Khayyam Javaid, ACA

Accurate record keeping is very helpful in various aspects of running a business and this historical data, if properly recorded,…

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Posted in: Inventory management, Management Accounting

Economic order quantity (EOQ)

January 10, 2018 Khayyam Javaid, ACA

Economic order quantity is a mathematical model which helps in identifying the optimum level of order size which will result…

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Posted in: Inventory management, Management Accounting

Inventory Management – Intro

January 9, 2018 Khayyam Javaid, ACA

Some entities are inventory intensive such as manufacturing and retailing concerns, whereas some are not, but in most of the…

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Posted in: Inventory management, Management Accounting

Inventory Records

October 31, 2017 Khayyam Javaid, ACA

In the modern age of competitive businesses, every aspect of the business is critical for the survival and progression of…

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Posted in: Inventory management, Management Accounting

Procurement Process

Khayyam Javaid, ACA

All businesses need to purchase items for their business activities and it is very important to have a proper procurement…

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Posted in: Inventory management, Management Accounting

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    Financiopedia
    • Financial Accounting
      • Basics of accounting
      • Double-entry accounting system
      • Accounting cycle
      • Accounting principles
      • Bookkeeping
      • Accounting of assets
      • Property, plant and equipment
      • Financial instruments
      • Inventory
      • Accounts receivable
      • Accounting of liabilities
      • Accounting of income
      • Accounting of expenses
      • Financial statements
      • Ratio analysis
    • Management Accounting
      • Introduction to management accounting
      • Introduction to costs
      • Material and labour costs
      • Marginal and Absorption Costing
      • Inventory valuation
      • Inventory management
      • Costing systems
      • Budgeting
      • CVP analysis
    • IFRS
      • IFRS 15 – Revenue from contracts with customers
      • IFRS 9 – Financial Instruments
    • About Us