Logistics:  Stock Management Cover Image

Logistika: atsargų valdymas
Logistics: Stock Management

Author(s): Algirdas Garalis, Ineta Beniušienė
Subject(s): Social Sciences
Published by: VšĮ Šiaulių universiteto leidykla
Keywords: Ktocks; stock management; the most economical amount of order.

Summary/Abstract: Stocks are significant investments in companies. They play a very important role in the system of logistics. Effective management of stocks of goods (how much stocks to order so that a company would not suffer losses because of over or of under stocking) is one of the most important tasks for logistics managers. When company managers decide on the amount of goods to be in stock, the company minimises costs. Overstock of goods determines high costs of stocked goods, and understock determines absence of needed goods and related costs. The article discusses types of stocks and describes indices of effective stock management – turnover of stocks in time and days. Much consideration is paid to the methods of stock management, optimal calculation of amounts to order and the analysis of the ABC.

  • Issue Year: 2006
  • Issue No: 1(8)
  • Page Range: 109-112
  • Page Count: 4
  • Language: Lithuanian