Inventory control

  • Created by: noe
  • Created on: 31-03-20 10:27
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    • Inventory
      • Raw materials and components
      • Work-in-progress (semi-finished goods)
      • Finished goods
    • Factors influencing inventory levels
      • Demand
      • Stockpile goods for certain periods of the year
      • Cost of inventory holding
      • Amount of working capital available
        • A business short of it  may not be able to purchase more inventory
      • Type of inventory
      • Lead time (time taken between placing the order and delivery of goods)
        • The longer the lead time, the more inventory needed
      • External factors
        • Fear of future shortages might cause firms to hold higher levels of inventory


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