Analysis Model For Inventory Management

Camelia Burja and Nătăliţa-Mihaela Lesconi-Frumuşanu ()
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Nătăliţa-Mihaela Lesconi-Frumuşanu: “1 Decembrie 1918” University of Alba Iulia, Romania

Annals of the University of Petrosani, Economics, 2010, vol. 10, issue 1, 43-50

Abstract: 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 balanced financial position and to increased company performance.

Keywords: inventory; inventory turnover ratio; costs of inventory; economic efficiency (search for similar items in EconPapers)
JEL-codes: D20 M11 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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