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What is the theoretical background of Inventory Management?


Please explain what its connection to inventory management.

asked Jul 7, 2013 in IAS 2 - Inventories by joesen18 Level 1 Member (1,560 points)
Are you preparing for an exam? By the way this does not directly relate to IFRS
yes sir I am preparing for an exam.

1 Answer

0 votes
Inventory management would have evolved in the backdrop of following questions:
- How much we have in hand?
- How much we need in the future?
- How much we should keep in hand & for how long?
- When should be place next order & much we buy in the next order ?
answered Jul 7, 2013 by Kapig Level 2 Member (3,350 points)


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