Answer / arunima

any thing that is of future use and has some economic value
is called inventory. its of 3 types
*inventory of raw materials
*inventory of intermediate goods or semi-finished goods &
*inventory of finished products

Answer / nirakar

Inventory is the total amount of goods, items,materials,
etc. counted in a store or factory at any given time.
Owner or Mgr.of the organization to know the daily,
weekly, monthly and also annually report of items. How much
products are available and sales need to customer an orders
and even knows to place an order.

Answer / kirti sagar singh

inventory is goods or things of which a organization do
business and which is still unsold.it may be finished
googs, semi-finished goods and raw materials, etc.

Answer / gopikrishna

genrally inventory means stock it may be differ one
organisation to another it consist of sevaral information
about goods

Answer / malina

The term "inventory" means tangible property held:
a) For sale in the ordinary course of business.
b) In the process of production for such sale.
c) For consumption in the production of goods or services
held for sale including maintenance supplier & consumables
other than machinery spares.

Answer / rajesh

Inventory division in which the Raw Products
needed to finish a final and desired product is kept and
maintained.provided it has some economic value

Answer / nikita gupta

Inventory means Stock. when co. has those stock which are
underprocessed/W.I.P. it known as inventory.

Answer / pooja sachdeva

ideal resource of any kind that can be kept for future
use , provided it has some economic value..
kept 4 smooth functioning of the organisation.

Answer / guddeti raveendra reddu

inventory are tangible property which is held for sale is
the ordinary course of actions.

Answer / ravinder attri

Inventory are that material which we purchase for selling.
In Manufacturing Unit it can be in three form 1. Raw 2.
Semi Finished and 3. Finished. But in the Trading unit it
always in finished form.

CASE STUDY: S.C. Computers has been mismanaged by its promoter. The Company has over 50,000 employees with software expertise. It has clients over the last 15 years in 50 countries. The mismanagement has led to a severe cash crunch with no cash to meet even salary requirements. While the internal situation is one of financial and employee morale crisis, externally it enjoys the confidence of its clientele. The Government wants such a valuable institution, built over several years, to be saved so that it can continue to contribute to national wealth creation, but at the same time does not wish to extend direct financial assistance, lest it amounts to encouraging or subsidizing mismanagement. In one page, suggest the broad elements of a Business Continuity Plan covering all aspects (not just financial alone) specifically applicable to this situation.

1 Answers  

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