Business / Finance / Inventory Targets: The numbers of months of inventory that the user requires to be in stock at a given point in time. For Raw Materials, this amount represents the number of months of future production. For Finished Goods, the amount represents the number of months of future sales.
Business / Accounting / Inventory: A subsidiary ledger which is usually used to record the details of individual items of stock. Inventories can also be used to hold the details of other assets of a business. See Perpetual , Periodic . MORE
Business / Accounting / Periodic Inventory Method: A system of accounting for inventory in which cost of goods sold is determined and inventory is adjusted at the end of the accounting period, not when merchandise is purchased or sold. MORE
Business / Accounting / Periodic Inventory: A Periodic Inventory is one whose balance is updated on a periodic basis, ie. every week/month/year. See Inventory . MORE
Business / Accounting / Number Of Days Of Inventory On Hand: An alternative measure of how well inventory is being managed: computed by dividing 365 days by the inventory turnover ratio. MORE
Business / Accounting / Perpetual Inventory: A Perpetual Inventory is one whose balance is updated after each and every transaction. See Inventory . MORE