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What is effective inventory management?

What is effective inventory management?

Accounting Auditing Costing FM Finance
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Question added by Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products
Date Posted: 2017/07/30
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Prabin Rai
by Prabin Rai , inventory officer , bijaya motor

I personally believe that effective inventory management revolves around the 5R

1. Right goods

2. Right quantities

3. Right quality

4. Right place

5. Right time

amjad hussain rajper

manger is maintain the effectective intories

Mohammed El Tahir Mohammed Yousif
by Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products

Well-functioning system is a process of overseeing the flow of items into and out of your stock. It's a balance of having just enough products in the warehouse. Effective inventory management keeps the stock costs under control so you can run a successful business.

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