Planning and Control of Materials

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    Chapter 2 Planning and Control of Materials ( 18 videos)

      2.1: Introduction
      The Term material and its Classification
    1. The Term material and its Classification
      2.2: Costing for Materials
      Material Received, Material Issued, Return to Supplier, Returns to store
    1. Material Received, Material Issued, Return to Supplier, Returns to store
      2.3: Costing for Material Issued
      First in First out method (FIFO)
    1. First in First out method (FIFO)
      2. Problem 01: First in First out method (FIFO)
    2. Problem 01: First in First out method (FIFO)
      3. Last in First out (LIFO)
    3. Last in First out (LIFO)
      4. Problem 02: Last in First out (LIFO)
    4. Problem 02: Last in First out (LIFO)
      5. Average method
    5. Average method
      6. Problem 03: Average method
    6. Problem 03: Average method
      2.4: Inventory Valuation
      Perpetual and periodic Inventory System
    1. Perpetual and periodic Inventory System
      16 views
      2. Problem 04: Periodic & Perpetual Inventory Valuation
    2. Problem 04: Periodic & Perpetual Inventory Valuation
      3. More on problem periodic and perpetual inventory system
    3. More on problem periodic and perpetual inventory system
      4. Lower of Cost or Market Valuation
    4. Lower of Cost or Market Valuation
      5. Gross Margin Inventory Estimation
    5. Gross Margin Inventory Estimation
      6. Retail Inventory Method
    6. Retail Inventory Method
      2.5: Quantitative Tools for Maintaining Balanced Inventory
      What is Economic order quantity
    1. What is Economic order quantity
      2. Inventory Levels
    2. Inventory Levels
      3. Inventory Turnover Ratio
    3. Inventory Turnover Ratio
      2.6: Material Variance Analysis
      Material Price and Quantity Variance
    1. Material Price and Quantity Variance