1. What is inventory management?
(1) Definition:
Inventory management is primarily about specifying the size and placement of stocked goods and the process of efficiently overseeing the constant flow of units into and out of an existing inventory. Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular
(1) Definition:
-Inventory management is primarily about specifying the size and placement of stocked goods and the process of efficiently overseeing the constant flow of units into and out of an existing inventory. Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of product
the inventory turnover of Hyundai E&C gradually increased although turnover of 2009 slightly decreased. Compared with 2007’s turnover, 2009’s turnover grows up about 35 %. It means the company use inventories more efficiently than 2007.
(5) Account payable turnover
Account payable turnover = Inventory purchases / Average accounts payable
Year 2009 2008 2007
turnover 5.96 8.80 5.58
size income statements (Unit : Won)
When you see I/S of Shinsegae from 2005 to 2008, some parts are remarkable. For example, Sales Revenue, Gross Profit or Loss, Operating Income or Loss, Income Loss Before Income Taxes Expenses and Net income or Loss has increased steadily since 2005. So this company can be said had been good at management.
Nowadays, global economic crisis is preval