Purchasing Efficiency Impact on Inventory Valuation and Company’s performance
Journal Title: International Journal of Management, IT and Engineering - Year 2012, Vol 2, Issue 7
Abstract
Inventory constitutes a significant asset on the balance sheet of trading & manufacturing companies. Purchasing strategy and function affect the level of inventory and business performance of company to great extent. Effectively measuring and managing inventory is essential for keeping companies financial statements up to date and presenting true & fair view of financial statement. This paper established that the purchasing function contributes to level of inventory, cost of product and thereby on business performance. This Article links business and inventory performance to purchasing efficiency.
Authors and Affiliations
Renu Bala and Dr. Amit Sharma
Keywords
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- EP ID EP18432
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