PPT-Buck$ ‘n B oxe $ Inventory and Financial Management

Jon Andrews Manager Product Management Back office Products Food Service Operations Goals Lifecycle of inventory item from Supply chain Financial KPIs How do I measure Action Plan . financial reporting quality. Presenter’s name. Presenter’s title. dd. Month . yyyy. financial reporting quality . VS. . quality of reported results . Financial Reporting Quality. Decision-useful information. “Every management mistake ends up in inventory.”. Michael C. Bergerac. Former Chief Executive. Revlon, Inc.. © 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website in whole or in part.. This chapter focuses on revenue-and inventory-related financial statement frauds. Specifically, it focuses on identifying financial statement fraud exposures. While doing this, it is important to focus on transactions and accounts that are affected by and correspond with the potential frauds. . This module discusses periodic vs. perpetual systems, inventory position, quantity to order, time between orders, target inventory, lead times, reorder point and . safety stock.. Authors: Stu James and Robert . Chapter 13. Learning Objectives. Define the term . inventory. List the different . types of inventory. Describe the main . functions of inventory. Discuss the main . requirements for effective inventory management. Dr. Ron . Lembke. Purposes of Inventory. Meet anticipated demand. Demand variability. Supply variability. Decouple production & distribution. permits constant production quantities. Take advantage of quantity discounts. How to build a 21st century package to engage employees, make savings and get the most bang for your buck. Get the most bang for your buck!. Financial wellness, education and advice to employees. Empowerment. -A.K.GANESHAN. Retd.Sr.AFA/SF. Accounting. The Following are the main bases of accounting. Cash basis. Accrual basis. Mixed basis i.e., partly cash basis and partly accrual basis. What is Cash Accounting System. 4-H & Master Gardeners. With . No . Private Bank Account. Financial Reporting Periods. Active 4-H clubs and groups report on Federal fiscal year. . . October 1. st. through September 30. th. . Dr. Ron Tibben-Lembke. Purposes of Inventory. Meet anticipated demand. Demand variability. Supply variability. Decouple production & distribution. permits constant production quantities. Take advantage of quantity discounts. Dr. Ron Lembke. Two Questions. Two main Inventory Questions:. How much to buy?. When is it time to buy?. Also:. Which products to buy?. From whom?. Types of Inventory. Raw Materials. Subcomponents. Work in progress (WIP). Chapter 18. Supply chain vs. Logistics . Supply chain management. Supply chain management, then, is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. . Inventory control means having the right product in the right quantity at the right
time. In industry, a lot of products are used for making one product. So, inventory
management is a crucial part of any industry. Small businesses are facing more
difficulty in stock management. “my stuff organizer app” makes it simple. Module Six: . . Global Inventory Management. 1. Presentation Agenda. Inventory management defined. Strategic considerations for I.M.. Operational activities. Economic Order Quantity & Period Order Quantity.