UPSC Exam > UPSC Videos > Commerce & Accountancy Optional Notes for UPSC > Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis
Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis Video Lecture | Commerce & Accountancy Optional Notes for UPSC
|
180 videos|153 docs
|
FAQs on Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis Video Lecture - Commerce & Accountancy Optional Notes for UPSC
| 1. What is the input-output ratio in inventory control methods? |  |
Ans. The input-output ratio in inventory control methods refers to the relationship between the amount of input (such as raw materials) used in production and the amount of output (finished goods) produced. It helps in determining the efficiency of inventory management by analyzing how efficiently resources are utilized.
| 2. How is the stock turnover ratio calculated in inventory management? | |
Ans. The stock turnover ratio is calculated by dividing the cost of goods sold by the average inventory during a specific period. It helps in measuring how quickly a company is selling its inventory and replacing it with new stock. A high stock turnover ratio indicates efficient inventory management.
| 3. What is FNSD analysis in the context of inventory control methods? | |
Ans. FNSD analysis stands for Fast-Moving, Non-Moving, Slow-Moving, and Dead Inventory analysis. It categorizes inventory items based on their movement rate and helps in identifying which items are selling quickly, slowly, or not at all. This analysis assists in making informed decisions about inventory stocking levels.
| 4. How can businesses improve their stock turnover ratio? | |
Ans. Businesses can improve their stock turnover ratio by implementing strategies such as reducing excess inventory, optimizing supply chain management, improving demand forecasting accuracy, and adopting just-in-time inventory practices. These measures help in increasing the speed at which inventory is sold and replenished.
| 5. Why is it important for businesses to monitor their input-output ratio in inventory management? | |
Ans. Monitoring the input-output ratio in inventory management is crucial as it helps businesses in evaluating the efficiency of their production processes, identifying areas of waste or inefficiency, and making informed decisions about resource allocation. By maintaining a balanced input-output ratio, businesses can optimize their inventory control methods and improve overall profitability.
Related Exams
About this Video
|
Nov 21, 2024 Last updated |
Video Description: Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis for UPSC 2024 is part of Commerce & Accountancy Optional Notes for UPSC preparation.
The notes and questions for Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis have been prepared according to the UPSC exam syllabus.
Information about Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis.
Introduction of Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis in English is available as part of our Commerce & Accountancy Optional Notes for UPSC for UPSC & Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis in
Hindi for Commerce & Accountancy Optional Notes for UPSC course. Download more important topics related with notes, lectures and mock test series for
UPSC Exam by signing up for free.
Description
Video Lecture & Questions for Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis Video Lecture | Commerce & Accountancy Optional Notes for UPSC - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Commerce & Accountancy Optional Notes for UPSC.
Information about Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis
Here you can find the meaning of Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis defined & explained in the simplest way possible.
Besides explaining types of Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis theory, EduRev gives you an ample number of questions to practice Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis tests,
examples and also practice UPSC tests.
|
180 videos|153 docs
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Previous Year Questions with Solutions
,Summary
,Sample Paper
,MCQs
,Extra Questions
,Semester Notes
,Free
,Objective type Questions
,past year papers
,Stock Turnover Ratio & FNSD Analysis Video Lecture | Commerce & Accountancy Optional Notes for UPSC
,Inventory Control Methods - Input-Output Ratio
,ppt
,Stock Turnover Ratio & FNSD Analysis Video Lecture | Commerce & Accountancy Optional Notes for UPSC
,study material
,Stock Turnover Ratio & FNSD Analysis Video Lecture | Commerce & Accountancy Optional Notes for UPSC
,Inventory Control Methods - Input-Output Ratio
,Exam
,Inventory Control Methods - Input-Output Ratio
,Viva Questions
,video lectures
,Important questions
,shortcuts and tricks
,mock tests for examination
,practice quizzes
;
Study Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis on the App
Students of UPSC can study Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Inventory Control Methods - Input-Output Ratio, Stock Turnover Ratio & FNSD Analysis is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup on EduRev and stay on top of your study goals
10M+ students crushing their study goals daily