INVENTORY CONTROL FULL MEANING (MBA)
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INVENTORY CONTROL may be defined as a scientific method of finding out how much stock should be maintained in order to meet the production demands and be able to provide right type of material at right time in right quantities and at competitive prices..........
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Pragmatic Paradigm of Setting Up Schools- Kerala Experience
By Madhu S and D. Dhanuraj
This paper seeks to analyse how the Kerala Education Rules, framed on the sidelines of the Act of 1957, helps in reality for the setting up of schools in Kerala which helped the establishment of both private and public schools on a spree over the decades. It tries to find out the real position with respect to what the law actually speaks and also what makes Kerala standout from other states in school education.
Daily agri news letter 02 aug 2013
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- 2. 1
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- 15. Annual Carrying Cost = 10 100 X 59294 X 1 Or no. 14
- 16. SL NO. ORDERING NO ANNUAL ORDERING COST ANNUAL CARRYING COST TOTAL INVENTORY COST 1 12 12 X 238 = 2856 494.11 3350.11 2 6 6 X 238 = 1428 988.23 2416.23 3 4 4 X 238 = 952 1482.35 2434.35 4 3 3 X 238 = 714 1976.47 2717.47 5 2 2 X 238 = 476 2964.7 3440.7 6 1 1 X 238 = 238 5929.4 6167.4 15
- 17. Annual ordering Cost Ordering no CosttoOrder&Carrying EOQ 6 16
- 18. EOQ = 2 DS H D = Annual Demand/consumption S = Annual ordering cost H = Annual holding cost (It include inventory carrying cost) 17
- 19. EOQ = 2 DS H EOQ = 2*59294 *238 988.23 5.38 ORDER OR 6 ORDERS(Rounded off) = 18
- 20. 19
- 21. 19