INVENTORY CYCLE

INVENTORY CYCLE

1. 1.Purchase of inventory

2. 2.Receiving of inventory

3. 3.Tag inventory

4. 4.Examining of stock

5. 5.Issuing to stores department

6. 6.Recording in bin cards

7. 7.Issuing to production department

8. 8.Conversion of raw materials

9. 9. Semi-finished goods

10. 10.Finished goods

11. 11.Shrinkage of goods

12. 12. Normal spoilage

13. 13.Damage goods

14. 14.Returning of damaged goods

15. 15.Economic order quantity