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Budgetary Management of Supplies

Author

Listed:
  • Corina-Graziella BÂTCĂ-DUMITRU

    (Bucharest University of Economic Studies)

  • Daniela-Nicoleta SAHLIAN

    (Bucharest University of Economic Studies)

  • Cleopatra ȘENDROIU

    (Bucharest University of Economic Studies)

Abstract

The role of the supply function can be defined as an obligation to provide sufficient raw materials and components in terms of quality and quantity at the desired time, at the lowest possible cost. As such, the setting up and maintenance of a stock entail “technical” costs, whose minimization must become an important objective of this function. In this article, we aim to present the categories of costs generated by stocks, the relations for determining the stock cost, the specific terminology, namely active stock, safety stock and replenishment stock, inventory management models in a certain future and in an uncertain future, as well as supply budgeting, constant periods budgeting and budgeting by means of constant quantities, all of these issues being illustrated through examples.

Suggested Citation

  • Corina-Graziella BÂTCĂ-DUMITRU & Daniela-Nicoleta SAHLIAN & Cleopatra ȘENDROIU, 2025. "Budgetary Management of Supplies," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 6(2), pages 16-28, February.
  • Handle: RePEc:ahd:journl:v:6:y:2025:i:2:p:16-28
    DOI: 10.37945/cbr.2025.02.03
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    More about this item

    Keywords

    active stock; safety stock; replenishment stock; certain future; uncertain future; supply budgeting; constant periods; constant quantities;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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