Excess Inventory Questions & Answers


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What are tools stocks?

Tools stocks are the excess tools that are retained in the concern as excess stocks. The cash flow of the organization should not be retained as stocks in the unit. There should be a proper maintenance of inventory management system because exce... View More

 
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What are rubber stocks?

In rubber manufacturing unit or selling unit if there is excess rubber stocks then they are excess inventories. The inventory management system should keep track of the stocks which could be enough to fulfill the request or orders. After process... View More

 
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What are mechanical components stocks?

When there is excess storage of mechanical components stock then it is the result of the poor inventory management system. A good inventory management system should target how much inventory they want to keep on hand enough to fill orders. View More

 
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What are Home appliances stocks?

If many numbers of home appliances are stored in a selling unit but there is no demand for such particular model then they are retained as excess stocks. The poor inventory management system will lead to losses of the unit. View More

 
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What are hardware stocks?

In hardware manufacturing units or selling units if the hardware items are stored in huge items and there is no demand for such items then they are excess inventories. View More

 
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What are gifts and crafts stock?

Gifts such as items are cards when introduced for a particular celebration day then they will be in demand only to that particular season. Soon after the celebrations are over they are not valuable. When such gift items and cards are stored in l... View More

 
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What are general industrial equipments stocks?

If general industrial equipments are manufactured or stored in large number unnecessarily without proper request or demand then they are the excess inventories to the unit. View More

 
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What are food stocks?

The food stocks are excess food items the concern has stored in its inventory system. The stocks may be raw materials for food or processed food products. The cash flow of the organization should not be retained as excess stocks. Since food prod... View More

 
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What are the objectives of inventory management system?

To make sure that raw materials are available so that there will be no disturbances in the production of goods. To minimize the cost of inventory and to reduce the losses of theft and wastage. View More

 
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What are the benefits of inventory management system?

Items can be located easily. Wastage can be reduced. First in first out control will be there to send out the older batch first. It increases the productivity and improves the storage space utilization. View More

 
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What is the scope of inventory management system?

Inventories should not have too much of stock and too little of stock. A good inventory management will result in a profitable business. View More

 
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