Inventory Management

The supervision of non-capitalized assets (inventory) and stock items.

• Economic Order Quantity (EOQ): The ideal order quantity that minimizes total inventory costs.
• Just-in-Time (JIT): Receiving goods only as they are needed in the production process.
• ABC Analysis: Categorizing inventory based on value (A=High value, C=Low value).
• Safety Stock: Extra inventory held to mitigate risk of stockouts.