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96 relations: ABC analysis, Accountant, Accounting, American English, Asset, Average cost method, Balance sheet, Bonded warehouse, Book value, British English, Business, Business cycle, Carrying cost, Cash conversion cycle, Changeover, Chevron Corporation, Cisco Systems, Collateral (finance), Commodity, Consignment stock, Consumer, Cost, Cost accounting, Cost of goods sold, Current asset, Customer, Demand forecasting, Developing country, Distribution (marketing), Economic efficiency, Economic order quantity, Economies of scale, Eliyahu M. Goldratt, Ending inventory, Fashion, FIFO and LIFO accounting, Financial accounting, Financial Accounting Standards Board, Finished good, Generally Accepted Accounting Practice (UK), Generally Accepted Accounting Principles (United States), Insurance, Internal Revenue Code, International Financial Reporting Standards, Inventory investment, Inventory management software, Inventory turnover, Inventory valuation, John Wiley & Sons, Just in Time, ..., Just-in-time manufacturing, Land registration, Lead time, Lean manufacturing, Lower of cost or market, Macroeconomics, Management accounting, Manufacturing, Marketing, National accounts, New old stock, Nonprofit organization, Operations research, Outlet store, Outline of industrial organization, Performance appraisal, Petrolsoft Corporation, Pinch point (economics), Project production management, Purchasing, Ratio, Raw material, Reorder point, Retail, Safety stock, Sales, Seasonality, Service level, Service provider, Shelf life, Spare part, Specific identification (inventories), Stock keeping unit, Stock management, Theory of constraints, Thor Power Tool Co. v. Commissioner, Throughput, Throughput (business), Throughput accounting, Toyota, Toyota Production System, U.S. Securities and Exchange Commission, VHS, Warehouse, Work in process, Working capital. Expand index (46 more) »
ABC analysis
In materials management, the ABC analysis (or Selective Inventory Control) is an inventory categorization technique.
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Accountant
An accountant is a practitioner of accounting or accountancy, which is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and others make decisions about allocating resource(s).
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Accounting
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.
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American English
American English (AmE, AE, AmEng, USEng, en-US), sometimes called United States English or U.S. English, is the set of varieties of the English language native to the United States.
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Asset
In financial accounting, an asset is an economic resource.
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Average cost method
Under the 'Average Cost Method', it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period.
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Balance sheet
In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity.
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Bonded warehouse
A bonded warehouse, or bond, is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty.
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Book value
In accounting, book value is the value of an asset according to its balance sheet account balance.
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British English
British English is the standard dialect of English language as spoken and written in the United Kingdom.
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Business
Business is the activity of making one's living or making money by producing or buying and selling products (goods and services).
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Business cycle
The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.
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Carrying cost
In marketing, carrying cost, carrying cost of inventory or holding cost refers to the total cost of holding inventory.
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Cash conversion cycle
In management accounting, the Cash conversion cycle (CCC) measures how long a firm will be deprived of cash if it increases its investment in inventory in order to expand customer sales.
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Changeover
In manufacturing, changeover is the process of converting a line or machine from running one product to another.
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Chevron Corporation
Chevron Corporation is an American multinational energy corporation.
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Cisco Systems
Cisco Systems, Inc. is an American multinational technology conglomerate headquartered in San Jose, California, in the center of Silicon Valley, that develops, manufactures and sells networking hardware, telecommunications equipment and other high-technology services and products.
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Collateral (finance)
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.
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Commodity
In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
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Consignment stock
Consignment stock is stock legally owned by one party, but held by another, meaning that the risk and rewards regarding to the said stock remains with the first party while the second party is responsible for distribution or retail operations.
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Consumer
A consumer is a person or organization that use economic services or commodities.
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Cost
In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.
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Cost accounting
Cost accounting is the process of recording, classifying, analyzing, summarizing, and allocating costs associated with a process, and then developing various courses of action to control the costs.
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Cost of goods sold
Cost of goods sold (COGS) refers to the carrying value of goods sold during a particular period.
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Current asset
In accounting, a current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle (whichever period is longer).
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Customer
In sales, commerce and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
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Demand forecasting
Demand forecasting is the art and science of forecasting customer demand to optimize supply decisions by corporate supply chain and business management.
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Developing country
A developing country (or a low and middle income country (LMIC), less developed country, less economically developed country (LEDC), underdeveloped country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.
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Distribution (marketing)
Distribution (or place) is one of the four elements of the marketing mix.
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Economic efficiency
Economic efficiency is, roughly speaking, a situation in which nothing can be improved without something else being hurt.
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Economic order quantity
In inventory management, economic order quantity (EOQ) is the order quantity that minimizes the total holding costs and ordering costs.
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Economies of scale
In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation (typically measured by amount of output produced), with cost per unit of output decreasing with increasing scale.
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Eliyahu M. Goldratt
Eliyahu Moshe Goldratt (March 31, 1947 – June 11, 2011) was an Israeli business management guru.
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Ending inventory
Ending inventory is the amount of inventory a company has in stock at the end of its fiscal year.
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Fashion
Fashion is a popular style, especially in clothing, footwear, lifestyle products, accessories, makeup, hairstyle and body.
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FIFO and LIFO accounting
FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feed stocks.
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Financial accounting
Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business.
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Financial Accounting Standards Board
The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard setting body whose primary purpose is to establish and improve generally accepted accounting principles (GAAP) within the United States in the public's interest.
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Finished good
Finished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.
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Generally Accepted Accounting Practice (UK)
Generally Accepted Accounting Practice in the UK, or UK GAAP, is the overall body of regulation establishing how company accounts must be prepared in the United Kingdom.
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Generally Accepted Accounting Principles (United States)
Generally Accepted Accounting Principles, also called GAAP or US GAAP, is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC).
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Insurance
Insurance is a means of protection from financial loss.
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Internal Revenue Code
The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC).
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International Financial Reporting Standards
International Financial Reporting Standards, usually called IFRS, are standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB) to provide a common global language for business affairs so that company accounts are understandable and comparable across international boundaries.
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Inventory investment
Inventory investment is a component of gross domestic product (GDP).
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Inventory management software
Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries.
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Inventory turnover
In accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year.
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Inventory valuation
An inventory valuation allows a company to provide a monetary value for items that make up their inventory.
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John Wiley & Sons
John Wiley & Sons, Inc., also referred to as Wiley, is a global publishing company that specializes in academic publishing.
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Just in Time
Just in Time may refer to.
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Just-in-time manufacturing
Just-in-time (JIT) manufacturing, also known as just-in-time production or the Toyota Production System (TPS), is a methodology aimed primarily at reducing flow times within production system as well as response times from suppliers and to customers.
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Land registration
Land registration generally describes systems by which matters concerning ownership, possession or other rights in land can be recorded (usually with a government agency or department) to provide evidence of title, facilitate transactions and to prevent unlawful disposal.
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Lead time
A lead time is the latency between the initiation and execution of a process.
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Lean manufacturing
Lean manufacturing or lean production, often simply "lean", is a systematic method for waste minimization ("Muda") within a manufacturing system without sacrificing productivity.
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Lower of cost or market
Lower of cost or market (LCM or LOCOM) is a conservative approach to valuing and reporting inventory.
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Macroeconomics
Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
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Management accounting
In management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions.
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Manufacturing
Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation.
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Marketing
Marketing is the study and management of exchange relationships.
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National accounts
National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation.
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New old stock
New old stock (NOS), also backronymed as "new on the shelf" or "new off the shelf", refers to obsolete equipment, or original parts (components) for obsolete equipment, that have never been sold at retail.
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Nonprofit organization
A non-profit organization (NPO), also known as a non-business entity or non-profit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view.
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Operations research
Operations research, or operational research in British usage, is a discipline that deals with the application of advanced analytical methods to help make better decisions.
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Outlet store
An outlet store, factory outlet or factory shop is a brick and mortar or online store in which manufacturers sell their stock directly to the public, cutting out the middle-men.
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Outline of industrial organization
The following outline is provided as an overview of and topical guide to industrial organization: Industrial organization – describes the behavior of firms in the marketplace with regard to production, pricing, employment and other decisions.
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Performance appraisal
A performance appraisal (PA), also referred to as a performance review, performance evaluation,Muchinsky, P. M. (2012).
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Petrolsoft Corporation
Petrolsoft Corporation (1989–2000) was a supply chain management software company with a focus on the petroleum industry.
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Pinch point (economics)
A pinch-point is the level of inventories of a commodity or product below which consumers of that commodity or product become concerned about security of supply.
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Project production management
Project production management (PPM) is the application of operations managementA Guide to the Project Management Body of Knowledge, Fifth Edition, Project Management Institute Sec 1.5.1.1, p13 http://www.pmi.org/pmbok-guide-standards/foundational/pmbok to the delivery of capital projects.
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Purchasing
Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals.
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Ratio
In mathematics, a ratio is a relationship between two numbers indicating how many times the first number contains the second.
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Raw material
A raw material, also known as a feedstock or most correctly unprocessed material, is a basic material that is used to produce goods, finished products, energy, or intermediate materials which are feedstock for future finished products.
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Reorder point
The reorder point (ROP) is the level of inventory which triggers an action to replenish that particular inventory stock.
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Retail
Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit.
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Safety stock
Safety stock is a term used by logisticians to describe a level of extra stock that is maintained to mitigate risk of stockouts (shortfall in raw material or packaging) caused by uncertainties in supply and demand.
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Sales
Sales is activity related to selling or the amount of goods or services sold in a given time period.
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Seasonality
In time series data, seasonality is the presence of variations that occur at specific regular intervals less than a year, such as weekly, monthly, or quarterly.
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Service level
Service level measures the performance of a system.
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Service provider
A service provider (SP) provides organizations with consulting, legal, real estate, communications, storage, processing.
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Shelf life
Shelf life is the length of time that a commodity may be stored without becoming unfit for use, consumption, or sale.
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Spare part
A spare part, spare, service part, repair part, or replacement part, is an interchangeable part that is kept in an inventory and used for the repair or replacement of failed units.
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Specific identification (inventories)
Specific identification is a method of finding out ending inventory cost.
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Stock keeping unit
In the field of inventory management, a stock keeping unit (SKU) is a distinct type of item for sale, such as a product or service, and all attributes associated with the item type that distinguish it from other item types.
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Stock management
Stock management is the function of understanding the stock mix of a company and the different demands on that stock.
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Theory of constraints
The theory of constraints (TOC) is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints.
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Thor Power Tool Co. v. Commissioner
Thor Power Tool Company v. Commissioner,, was a United States Supreme Court case in which the Court upheld IRS regulations limiting how taxpayers could write down inventory.
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Throughput
In general terms, throughput is the maximum rate of production or the maximum rate at which something can be processed.
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Throughput (business)
Throughput is the movement of inputs and outputs through a production process.
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Throughput accounting
Throughput accounting (TA) is a principle-based and simplified management accounting approach that provides managers with decision support information for enterprise profitability improvement.
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Toyota
, usually shortened to Toyota, is a Japanese multinational automotive manufacturer headquartered in Toyota, Aichi, Japan.
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Toyota Production System
The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices.
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U.S. Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.
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VHS
The Video Home System (VHS) is a standard for consumer-level analog video recording on tape cassettes.
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Warehouse
A warehouse is a commercial building for storage of goods.
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Work in process
Work in process (WIP), work in progress (WIP), goods in process, or in-process inventory are a company's partially finished goods waiting for completion and eventual sale or the value of these items.
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Working capital
Working capital (abbreviated WC) is a financial metric which represents operating liquidity available to a business, organisation or other entity, including governmental entities.
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Business inventory, Cycle stocks, Death inventory, Distressed inventory, Inventories, Inventory Management, Merchandise to resell, Stock in trade, Virtual inventory.
References
[1] https://en.wikipedia.org/wiki/Inventory
