ANALYSIS MODEL FOR INVENTORY MANAGEMENT
The inventory represents an essential component for the assets of the enterprise and the economic analysis gives them special importance because their accurate management determines the achievement of the activity object and the financial results. The efficient management of inventory requires...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Petrosani
2010-01-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | http://www.upet.ro/anale/economie/pdf/20100104.pdf |
| _version_ | 1818206670129463296 |
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| author | CAMELIA BURJA VASILE BURJA |
| author_facet | CAMELIA BURJA VASILE BURJA |
| author_sort | CAMELIA BURJA |
| collection | DOAJ |
| description | The inventory represents an essential component for the assets of the enterprise and the economic analysis gives them special importance because their accurate management determines the achievement of the activity object and the financial results. The efficient management of inventory requires ensuring an optimum level for them, which will guarantee the normal functioning of the activity with minimum inventory expenses and funds which are immobilised. The paper presents an analysis model for inventory management based on their rotation speed and the correlation with the sales volume illustrated in an adequate study. The highlighting of the influence factors on the efficient inventory management ensures the useful information needed to justify managerial decisions, which will lead to a balancedfinancial position and to increased company performance. |
| first_indexed | 2024-12-12T04:16:43Z |
| format | Article |
| id | doaj.art-041c6adb86ff4058bbe0a0fb1a69fa21 |
| institution | Directory Open Access Journal |
| issn | 1582-5949 |
| language | English |
| last_indexed | 2024-12-12T04:16:43Z |
| publishDate | 2010-01-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj.art-041c6adb86ff4058bbe0a0fb1a69fa212022-12-22T00:38:26ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492010-01-01X14350ANALYSIS MODEL FOR INVENTORY MANAGEMENTCAMELIA BURJAVASILE BURJAThe inventory represents an essential component for the assets of the enterprise and the economic analysis gives them special importance because their accurate management determines the achievement of the activity object and the financial results. The efficient management of inventory requires ensuring an optimum level for them, which will guarantee the normal functioning of the activity with minimum inventory expenses and funds which are immobilised. The paper presents an analysis model for inventory management based on their rotation speed and the correlation with the sales volume illustrated in an adequate study. The highlighting of the influence factors on the efficient inventory management ensures the useful information needed to justify managerial decisions, which will lead to a balancedfinancial position and to increased company performance.http://www.upet.ro/anale/economie/pdf/20100104.pdfinventoryinventory turnover ratiocosts of inventoryeconomic efficiency |
| spellingShingle | CAMELIA BURJA VASILE BURJA ANALYSIS MODEL FOR INVENTORY MANAGEMENT Annals of the University of Petrosani: Economics inventory inventory turnover ratio costs of inventory economic efficiency |
| title | ANALYSIS MODEL FOR INVENTORY MANAGEMENT |
| title_full | ANALYSIS MODEL FOR INVENTORY MANAGEMENT |
| title_fullStr | ANALYSIS MODEL FOR INVENTORY MANAGEMENT |
| title_full_unstemmed | ANALYSIS MODEL FOR INVENTORY MANAGEMENT |
| title_short | ANALYSIS MODEL FOR INVENTORY MANAGEMENT |
| title_sort | analysis model for inventory management |
| topic | inventory inventory turnover ratio costs of inventory economic efficiency |
| url | http://www.upet.ro/anale/economie/pdf/20100104.pdf |
| work_keys_str_mv | AT cameliaburja analysismodelforinventorymanagement AT vasileburja analysismodelforinventorymanagement |