Inventory Management Book B.Com 3rd Semester

Unit

Topics

No. of Lectures

I

Inventory Management: Concept, Meaning, Inventory Management Process, Why Inventory Management is Important? Principles of Inventory Management, How to Improve Inventory Management, Perpetual Inventory System, what are Inventory Costs, Role of Inventory Management, Methods of Inventory Management, Benefits of Good Inventory Management.

22

II

Concept and Valuation of Inventory: Concept and Objectives of Inventory, Need for Holding Inventory, Planning and Controlling Inventory Levels, Effects of Excess Inventory on Business, Product Classification, Product Coding, Lead Time, Replenishment Methods.

26

III

Management of Working Capital: Concept, Meaning, Classification, Factors determining Working Capital requirements, Sources of Working Capital, Need of Working Capital, Working Capital Ratio- Current Ratio, Quick
Ratio, Absolute Liquid Ratio, Cash Ratio and Working Capital Turnover Ratio.

24

IV

Inventory Control: Concept and Meaning of Inventory Control, Objectives and Importance and Essentials of Inventory Control, Types of Inventory, Techniques of Inventory Control – EOQ, ROP, ABC, VED, JIT, Determination of Inventory Levels, Impact of Inventory Inaccuracy, Disposal of Obsolete and Scrap Items, Reasons for Obsolescence, Control of Obsolescence, Control of Scrap.

18