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Chapter 22 Management of Short-Term Assets: Inventory Copyright 2006 McGraw-Hill Australia Pty Ltd PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 22–1 Prepared by Dr Buly Cardak Learning Objectives • Understand the importance of short-term assets in the Australian economy. • Identify the three major types of short-term assets. • Evaluate the need for short-term asset management. Copyright 2006 McGraw-Hill Australia Pty Ltd PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 22–2 Prepared by Dr Buly Cardak Learning Objectives (cont.) • Understand the relationship between short-term assets and short-term liabilities. • Identify the benefits and costs of holding inventory. • Understand the nature of acquisition costs, carrying costs, and stockout costs. Copyright 2006 McGraw-Hill Australia Pty Ltd PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 22–3 Prepared by Dr Buly Cardak Learning Objectives (cont.) • Understand and apply the economic order quantity model. • Understand and apply models of inventory management under uncertainty. • Understand the difference between specifying an acceptable probability of stockout and specifying an acceptable expected customer service level. Copyright 2006 McGraw-Hill Australia Pty Ltd PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 22–4 Prepared by Dr Buly Cardak Introduction • Both short-term and long-term assets require a commitment of resources by the company and, therefore, both forms of investment warrant careful analysis. • The management of short-term assets is important, given that the typical company holds around one-third of its total assets in short-term assets. Copyright 2006 McGraw-Hill Australia Pty Ltd PPTs t/a Business Finance 9e by Peirson, Brown, Easton, Howard and Pinder 22–5 Prepared by Dr Buly Cardak ... - tailieumienphi.vn
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