Production and Inventory Management
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The basis of any commercial enterprise is the purchase and sale of goods or services; hence the importance of inventory management. This accounting management will allow the company to maintain control in a timely manner, as well as to know at the end of the accounting period a reliable statement of the economic situation of the company. Inventory constitutes the current asset items that are ready for sale, i.e. all the merchandise that a company has in its warehouse valued at acquisition cost, for sale or productive activities. By means of the following research work, some basic concepts of e...
The basis of any commercial enterprise is the purchase and sale of goods or services; hence the importance of inventory management. This accounting management will allow the company to maintain control in a timely manner, as well as to know at the end of the accounting period a reliable statement of the economic situation of the company. Inventory constitutes the current asset items that are ready for sale, i.e. all the merchandise that a company has in its warehouse valued at acquisition cost, for sale or productive activities. By means of the following research work, some basic concepts of everything related to inventories in a company, methods, system and control will be presented.
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