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Management Accounting Techniques > Chapter 2 - Inventory Management Calculations > Flashcards

Chapter 2 - Inventory Management Calculations Flashcards

1
Q

What is the buffer inventory calculation ?

A

Reorder level - (Average usage x average lead time) x per day/week/month

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2
Q

What is the reorder level calculation ?

A

(Average usage x average lead time) + buffer inventory

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3
Q

What is the maximum inventory level calculation ?

A

Buffer inventory + maximum reorder quantity

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4
Q

What is the maximum reorder quantity calculation ?

A

Maximum inventory level - buffer inventory

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5
Q

What is the minimum reorder quantity calculation ?

A

Average usage x average lead time

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Management Accounting Techniques (6 decks)

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