EXPENDITURE by Shuhaina Nizam

EXPENDITURE by Shuhaina Nizam https://padlet.com/shuhainanizam07/b5j8gu3z5m14 ACQUISITION OF RAW MATERIAL OR GOODS FOR RESALE en-us 2019-04-01 02:19:49 UTC 2024-03-14 07:39:14 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Hotsun.png 22. COMPUTER SYSTEMS hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/346999330 The application programs of the computer system :
1. Purchasing
2. Receiving/ Inventory
3. Voucher Application
4. Cash disbursement]]> 2019-04-01 02:28:49 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/346999330 Purchase Request hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347000761 2019-04-01 02:38:22 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347000761 EXPENDITURE CYCLE hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347000991 2019-04-01 02:39:48 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347000991 CREDIT PURCHASE PROCESS shuhainanizam07 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001030

Applying

Recording

Requesting

Checking

Approving

]]> 2019-04-01 02:40:01 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001030 Place Orders hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001126 2019-04-01 02:40:37 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001126 Receiving hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001209 2019-04-01 02:41:07 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001209 Cash Disbursement hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001260 2019-04-01 02:41:23 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001260 Processing Invoices hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001331 2019-04-01 02:41:51 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001331 Store Keeping hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001362 2019-04-01 02:42:07 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001362 1. CASH PURCHASE PROCESS hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001797 1. Requesting
2. Ordering
3. Receiving Goods
4. Store keeping
5. Dealing with returned Goods
6. Paying]]> 2019-04-01 02:44:49 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347001797 10. PHYSICAL STOCK VERIFICATION nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347003414 - count the inventory
- amount recorded on
stock verification sheets
✅ serial number
✅stock number
✅description
✅units of measure
✅quantity
✅unit price
✅total value

]]> 2019-04-01 02:54:13 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347003414 3. REQUESTING PURCHASES hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347003661 1. Purchase Requisition form (PRF)
2. Categorized Goods to be purchased :
General Goods :

Normally stored for manufacturing or sales

Special Items :

Needed only for a specific purpose or time period

]]> 2019-04-01 02:55:47 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347003661 FLOWCHART OF THE PURCHASING APPLICATION hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347003892 2019-04-01 02:57:13 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347003892 Purchase Requisition hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004016 2019-04-01 02:57:51 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004016 Data entry hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004123 2019-04-01 02:58:34 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004123 From inventory system hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004168 2019-04-01 02:58:49 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004168 Create purchase order hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004210 2019-04-01 02:59:05 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004210 Purchase order hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004244 2019-04-01 02:59:18 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004244 Purchase order detail file hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004285 2019-04-01 02:59:34 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004285 Purchase order register hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004312 2019-04-01 02:59:47 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004312 25. The voucher application noraisyahismail10 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004348 - Record liability to pay a supplier
- Input : vendor invoice, receiving reports, purchase order
- Integrated system : data accessed by voucher application from other application
- Batch processing system : enter all details with a match purchase order, receipt register before record the liability
- Online real-time processing system : record purchase order and invoice details, if details match with receipt register details it has been recorded]]> 2019-04-01 03:00:02 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004348 OBJECTIVE PHYSICAL STOCK VERIFICATION nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004446 1. Valuation of the inventory for the purposes of accounting
2. Checking again loss through theft and misuse
3. Identifying inventory physical state(deteriorated,damaged,leakage) and physical verifies (storekeeper/store officer)]]> 2019-04-01 03:00:47 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004446 11. PERPETUAL nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004924 maintaining a set of inventory records on continuous and consistent basis]]> 2019-04-01 03:04:14 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347004924 PERIODIC nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005109 does not keep updated records, amount determined periodically]]> 2019-04-01 03:06:00 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005109 STORES shuhainanizam07 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005192 2019-04-01 03:06:39 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005192 USER shuhainanizam07 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005254 2019-04-01 03:06:50 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005254 12. INVENTORY RECORDS nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005298 1. STOCK RECORD CARD
consists stock number,description,'in','out','balance' minimum, maximum and reorder levels
2. BIN CARDS
contain information of the stock number,bin number,description,unit,'in','out' and 'balace']]> 2019-04-01 03:07:11 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005298 23. Purchasing Application hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005389

Purchase requisition received from stores for stock items and for the staff for special items

Information about the purchase of stock item might come from stores department

The request for special items sent to purchasing department using specialised form.

The short-listed supplier identified using product code

]]> 2019-04-01 03:07:45 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347005389 13. STOCK CONTROL nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347006578 -value stock
-store ledger cards 👉prepared by account dept👉contain info similar to stock record cards,extra info👉unit price&total value
used for
1. Valuation of the cost of sales
2. Valuation of issues relating to production or services
3. Valuation of inventory on hand at any time]]> 2019-04-01 03:15:17 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347006578 4. PLACING ORDER hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347007550 1. Identifying a potential supplier

Research potential suppliers
Get purchase manager approval
Once approved, database on potential suppliers is develop
Consider

🦄 Supply conditions
🦄 Specific details of internal needs
🦄 Past experience
🦄 Quality
🦄 Reliability

Credit facility from supplier must be prearranged

🦄 Negotiate : limit amount,
time limit, cash discount
🦄 Apply for increasing credit limit or settle
outstanding debt

]]> 2019-04-01 03:21:34 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347007550 The computer program mainly : hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008062

Produces the purchase orders and prints or transmits them directly to the supplier

Produces a purchase order register

Adds records to the purchase order details file.

]]> 2019-04-01 03:24:52 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008062 TWO TYPES OF STOCK VALUATION METHODS nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008346 1. FIRST IN,FIRST OUT METHOD
received earliest leave stores first
2. WEIGHTED AVERAGE METHOD
uses an average cost per unit]]> 2019-04-01 03:27:03 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008346 24. The receiving/inventory application hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008466

Part of inventory or storekeeping application
Ensures the receipt of goods is recorded after the first checking
The PO authorise the purchase in the PO detail file and record details of the receipt as the quantity in order to create a receipts files
From those files, the computer programs produce :~> a receiving report which may be use to initiate an entry in the inventory file , ~> a receipt register which is used by the voucher system .
The inventory system maintains records of each inventory kept in stores.
The incoming inventory added using the receiving report
The outgoing inventory is subtracted using the material requisition note .
This system uses the receiving report created by the receiving application when they are linked
This system also produce a purchase requisition when the reorder level is reached or sends the information to the purchasing application when they are linked.

]]> 2019-04-01 03:27:49 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008466 14 PROCESSING SUPPLIER INVOICES nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008726 2019-04-01 03:29:52 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008726 LIABILITY nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008893 2019-04-01 03:31:04 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008893 AP LEDGER nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008935 2019-04-01 03:31:24 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008935 26. The cash disbursement application noraisyahismail10 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008952 - To Make a payments to supplier
- Input data from voucher application or input data manually
- Function :
1. Sort the voucher file by due date to identify due for payment
2. Produces a cash requirements report for planning
3. Select vouchers due for payment when produces control reports
4. Produce cheque register to be print for control purpose
5. Print cheque for distribution to creditor
6. Update accounts payable for payments made
7. Create records for general ledger control acc]]> 2019-04-01 03:31:34 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008952 USE SUPPLIERS INVOICE nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008967 2019-04-01 03:31:39 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347008967 AP CLERK nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347009046 2019-04-01 03:32:25 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347009046 EXAMPLE OF PAYMENT VOUCHER shuhainanizam07 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347009054 2019-04-01 03:32:32 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347009054 CHECK ACCURACY WITH GRN/RR AND PO nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347009057 2019-04-01 03:32:34 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347009057 REASONS GOODS RETURN & OTHER ADJUSTMENT nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347009371 1. Goods received were damaged
2. Goods requested were not quality required
3. The need no longer exists for the ordered goods
4. Overcharged by mistake
5. Error in calculation]]> 2019-04-01 03:35:11 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347009371 CREDIT NOTES nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347011356 2019-04-01 03:48:16 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347011356 AP CLERK BY RECORDS PURCHASES RETURNS JOURNAL nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347011453 2019-04-01 03:48:49 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347011453 PLACING ORDER hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347011469 2. Placing the order

PRF Received
Sort item according to potential suppliers
Choose best supplier
Prepare 2 set of Purchase Order

PO Contains :
🦄 Supplier name, address, item description
quantity, unit price, trade discounts,
total price of goods, delivery date

]]> 2019-04-01 03:48:55 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347011469 REDUCE AMOUNT PAYABLE TO THE SUPPLIER nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347011604 2019-04-01 03:49:47 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347011604 27. Routine Reports hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347012040

Helpful for management control purposes

A routine review and audit of the reports produced may reveal any unwanted reports.

Purchase Order ~> analyse orders by product ~> volume and value items purchased, identify excessive buying

Time lapse data ~> sales order and receipt of goods ~> identify excessive delay

Inventory on hand ~> analyse high volumn stocked ~> increase unnecessary stock holding or inaccurate reorder level

Goods/material received at a point of time ~> identify unreasonably high volume items purchased

Amount cash disbursed ~> cash outflow control purposes

Vendors paid over the due date ~>identify cashflow problems or processing problem

]]> 2019-04-01 03:52:31 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347012040 28. Performance Reports noraisyahismail10 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347012490 •To monitor efficiency of various areas and system of an organisation

•Purchases discount lost analysis:monitor voucher and payment processing efficiency

•Time lapse between inventory and placing order : monitor the efficiency of purchasing department

•Time lapse between receiving bay and movement goods : monitor which goods are inspected

]]> 2019-04-01 03:56:14 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347012490 29. CONTROLS IN THE COMPUTER ENVIRONMENT hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347012616

INPUT CONTROLS

to detect and prevent errors when data is converted to a computer readable form

achieved through validation procedures

Example :

The customer number will have a check digit to confirm that it is a valid number.

]]> 2019-04-01 03:57:18 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347012616 nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347012674 CASH
💰small amount payment or for "cash on delivery(C.O.D)"👉cash payment journal👉asset custody
💰petty cash👉does not use PO👉records on petty cash voucher👉asset custody petty cashier]]> 2019-04-01 03:57:45 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347012674 6. RECEIVING GOODS hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347013048

Goods send to receiving dept

Delivery notes attached with goods

Receive clerk inspection

After complete, receive 2 signed copies from the clerk of Supplier's Delivery Notes

1 SDN is returned to supplier and another one is used to prepare Receiving Report (RR) or Goods Received Note (GRN)

]]> 2019-04-01 04:00:32 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347013048 PROCESSING CONTROLS hardiana296 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347013460

controls designed to detect and prevent any errors occuring while data is being processed

these are incorporated during the development of the application system.

Example :

Record count or hash totals

]]> 2019-04-01 04:03:08 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347013460 FORMS OF PAYMENT nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347013478 2019-04-01 04:03:11 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347013478 nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347013563 CHEQUE
💰written order👉payer instruct bank to pay another person(payee)
💰payer👉prenumbered blank forms supplied by banks👉bank charge cheque fee]]> 2019-04-01 04:03:46 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347013563 OUTPUT CONTROLS noraisyahismail10 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014027

Design to detect and prevent errors in outputs

Example :

Built in checks similar to those in processing controls such as the record count, are employed to prevent output errors

]]> 2019-04-01 04:07:01 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014027 nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014218 BANK TRANSFER
💰payer requests bank transfers money to payee account
💰by telegraph (TT) via secured system👉cash laju (CIMB), western union,MEPS

]]> 2019-04-01 04:08:09 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014218 CASH DISBURSEMENT shuhainanizam07 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014441

Payment voucher ➡ payment authorization

Remittance advice

use AP ledger > inform supplier > remit amount, invoiced refered, credit notes refered, paid payments & balance to be paid.
Send RA to suppliers
Reconciles RA with SOAR

]]> 2019-04-01 04:09:28 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014441 7. STOREKEEPING hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014752

Storekeeper : in charge of store

➡ Incoming goods
➡ GRN/RR
➡ Material Requisition Note
➡ Selling Goods

Reasons for store keeping :
🦄 Immediate access to goods
🦄 Centralized Receipts
🦄 Full identification of available goods
Functions :
🦄 Maintaining the store in an orderly
and tidy manner
🦄 Prevent waste
🦄 Prevent unauthorized entity

]]> 2019-04-01 04:11:15 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014752 nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014870 BANK CHEQUE
💰payer fill form👉present at bank counter instruct for a bankers' cheque 👉pay cash money to be transfer👉bank will issue a cheque👉payer send cheque to payee👉payee bring cheque to bank👉cash money remitted to payee's account]]> 2019-04-01 04:11:54 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347014870 nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347016844 DIRECT DEBIT
💰payer gives permission to payee to withdraw money from payer's bank by signing an agreem]]> 2019-04-01 04:21:28 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347016844 nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347017132 ELECTRONIC FUNDS TRANSFER(EFT)
💰may use ATM machine, cash deposit machine,payment card(credit/debit cards), online banking facility,phone banking facility]]> 2019-04-01 04:23:35 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347017132 nurulizatti https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347017707 STANDING INSTRUCTION/ORDER
💰written request to bank👉pay a certain sum of money to another party for a specified period or until request withdrawned
💰go to bank👉fill in form👉must deduct from account with the bank branch
💰regular payment👉monthly or weekly👉fixed or a sum amount of money
💰stop at request👉fill in form to stop SI👉form will be send]]> 2019-04-01 04:27:21 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347017707 9. MANAGING STOCK LEVEL hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347018221 Maintained at apt level

Smooth flow of production and sales

Too low

Risk of disturbed production

Too high

Unnecessary carrying costs

]]> 2019-04-01 04:30:59 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/347018221 ,za,zzaa,ww1,W,s,,W,aa,,aaa,Z,w,a shuhainanizam07 https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/352922006 2019-04-21 13:55:53 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/352922006 1. Ordering Costs hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/352970096 -> include salaries and wages who engaged in purchasing , receiving and inspecting materials
2. Carrying Costs
-> storage and handling costs, interest on material costs insurance and losses through theft

]]> 2019-04-22 02:13:09 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/352970096 ECONOMIC ORDER QUANTITY (EOQ) hopehateu https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/352970450 -> Optimum quantity of reorder

Q = quantity of order
c = cost of placing an order
n = number of units required anually
k = carrying cost per unit of inventory]]> 2019-04-22 02:16:50 UTC https://padlet.com/shuhainanizam07/b5j8gu3z5m14/wish/352970450