Inventory Management

Please match

Inventory Turnover Ratio

Cycle counting

Inventory

Independent$-$demand items

Purchase cost

Holding $($carrying$)$ costs

Ordering costs

Setup costs

Shortage costs

A$.$

Items that are ready to be sold or used

B$.$

A stock or store of goods

C$.$

The costs involved in preparing equipment for a job

Analogous to ordering costs

D$.$

The amount paid to buy the inventory

E$.$

Costs of ordering and receiving inventory

F$.$

Cost to carry an item in inventory for a length of time, usually a year

G$.$

A physical count of items in inventory

H$.$

Ratio of annual cost of goods sold to average inventory investment

I.

Costs resulting when demand exceeds the supply of inventory; often unrealized profit per unit