IDEAS home Printed from https://ideas.repec.org/a/pet/annals/v10y2010i1p43-50.html
   My bibliography  Save this article

Analysis Model For Inventory Management

Author

Listed:
  • Camelia Burja

    (“1 Decembrie 1918” University of Alba Iulia, Romania)

  • Nătăliţa-Mihaela Lesconi-Frumuşanu

    (“1 Decembrie 1918” University of Alba Iulia, Romania)

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.

Suggested Citation

  • Camelia Burja & Nătăliţa-Mihaela Lesconi-Frumuşanu, 2010. "Analysis Model For Inventory Management," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 10(1), pages 43-50.
    • Handle: RePEc:pet:annals:v:10:y:2010:i:1:p:43-50
    as

    Download full text from publisher

    File URL: http://upet.ro/annals/economics/pdf/2010/20100104.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lucian Ioan Sabău, 2012. "Information and Strategic Decisions in Economic Entities Management," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(4), pages 227-234.
    2. Zwelihle Wiseman NZUZA, 2014. "Perceived Effectiveness of Municipal Financial Management on the Performance of Inventory Stock Management in Local Government of South Africa," Journal of Economics and Behavioral Studies, AMH International, vol. 6(3), pages 251-261.

    More about this item

    Keywords

    inventory; inventory turnover ratio; costs of inventory; economic efficiency;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pet:annals:v:10:y:2010:i:1:p:43-50. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Imola Driga (email available below). General contact details of provider: http://www.upet.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.