Question

what is inventory control explain any two important inventory control techniques​

Answer 1

Answer:

inventory control means stock nu control krna and supervision krna ...etc.

1.FIFO: First in first out means jo material or inventory first te purchase hoya c os material nu first te hi issue or sale krna

2.LIFO: last in first out means jo material last te enter hoya aw or purchase kita os nu first te issue or sale krna

Answer 2

Inventory control:

• Inventory control is described as "the activity of checking the stock of a shop." However, a more concentrated definition takes into account the more scientific, theoritical practice of not only checking the inventory of a business but also keep an eye on the many related aspects of inventory management.

Setting up of different stock levels:

• The management will agree on the maximum level, minimum level, reorder level, threat level and the average level of products to be stored in the store to prevent over-stocking and understocking of goods.

Economic Order Quantity (EOQ):

• The quantity of economic order, defined as EOQ, indicates the most suitable quantity to be purchased once fresh orders are issued. The quantity to be ordered is considered the quantity of economic order since the procurement of this amount of inventory is most economical.

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