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1、INVENTORYMANAGEMENTANDYHowtodeterminehowmuchtoorderCONTROL*andhowoftentoorder.INVENTORYMANAGEMENTANDControllingInventoriesCONTROLconcernsmostmanagersofagriculturalmarketingandsupplybusinesses,Purchasesystematically.Placeordersforwhethertheyareretail,wholesale,orservicematerialslong
2、enoughbeforehandsothereoriented.willnotbeashortagebetweenorderinganddelivery.ThevalueofamanagertoanagriculturalmarketingandsupplybusinessdependsonLettheinventorybecomerelativelylowhisabilitytomanageinventorieseffectively.beforereorderingbutkeepenoughonhandThetotalcostofmaintainingt
3、hedesiredtomeetcurrentneeds.Therearecostsinventorylevelmustbehelddowntoaassociatedwithkeepinglargeinventories.reasonablefigure,buttheinventorymustalsoLikewise,therearecostsifyoudepleteyourbelargeenoughtopermitthecompanytostock.effectivelymerchandisetheproductsandservicesitsells.Ift
4、hemanagerdoesn'tDon'thold“dead”linesoritems.controlhisinventoriestoaccomplishbothoftheseobjectives,thebusinessmaynotbeKeeptrackofinventories.Whenstockisabletoprosperoreventosurviveagainstreceived,besurethatwhatwasorderedwascompetition.delivered.Makesurethattheamountreceivedisaddedt
5、otheinventory.TheinformationinthiscircularsuggeststothemanagerwaysonhowbesttodofourPhysicalinventoriesshouldbetakenthings:frequentlytofindoutwhichitemsarenotsellingsoyoucandiscontinuethemasYHowtocontrolinventories.quicklyaspossible,tospotshortagesinYHowtovisualizetheinventorycostst
6、omerchandisethatmaybeduetotheft,tonotebeincludedindetermininghowmuchdeteriorationthatmayoccur,andtodecideinventoriesarecostingthecompany.whentoreorder.YHowtodeterminethelevelofMakesomeoneresponsibleforcheckinginventorythatismostprofitable.theinventory.Delegatetheresponsibilityforsp
7、ecificpartsofthetotalinventoryeffortto*ByB.L.Brooks,ExtensionEconomist,UniversityofthepersonsintheorganizationwhoarebestIllinois;reprintofExtensionCircular1063,Octoberqualifiedtodothejob.1972,withthekindpermissionoftheauthorandtheCooperativeExtensionService,UniversityofIllinois,Urb
8、ana,Illinois.WASHINGTONSTA
