Inventory Journal



Inventory Journal

Introduction

Profit maximization is the optimal goal of any organization, until and unless the organization is not a non-profitable or charity organization. Efficient inventory management can be helpful for an organization which has intensions of utilizing its asset efficiently. FIFO and LIFO methods are out of some popular inventory management method which facilitates a business cost management on a large scale (www.articlesbase.com).

New businesses always show much determination towards understanding the better option out of the two. To benefit their inventory management system in a better way, must be evaluating on the basis of practical implementation of both the ...