The importance of good inventory control and administration can’t be focused on enough. High
perceivability of stock means better control over business. Better control implies bring down costs, less
stock misfortune, quicker satisfaction and can even avoid robbery. Stock control implies better
administration of stock in the stockroom. Having the capacity to satisfy arranges rapidly with stock close
by guarantees you aren’t losing clients with arrange overabundances. On the other hand, tying up
resources and squandering distribution center space through overloading can likewise be forestalled.
The phrase cost flow assumptions frequently allude to the techniques accessible for moving the
expenses of an organization’s items from its stock to its cost of products sold. Three inventory cost flow
assumptions are
1 First in First Out (FIFO) Method
