BUDGETING METHODS OF SUPPLIES

Mariana Radu () and George Ciprian Giju ()
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Mariana Radu: Valahia University from Targoviste, Faculty of Economics
George Ciprian Giju: Valahia University from Targoviste, Faculty of Economics

Internal Auditing and Risk Management, 2014, vol. 36, issue 1, 55-63

Abstract: This article is a presentation of a modality for budgeting the supplies, making a comparison between two methods: keeping the fixed quantity for being ordered, modifying the period between two commands (called command point system) and maintaining constant intervals between commands with a change of the ordered quantities (system called periodic replenishment). The theoretical description of the working methodology is followed by a case study conducted in a business in which we applied the Wilson model. There are also highlighted the limitations as well as the strengths of the two methods under study.

Keywords: budget; supply; Wilson model; orders; deliveries (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ath:journl:v:36:y:2014:i:1:p:55-63

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