AvidXchange helps liberate AP teams from the painful, paper-based time-suck costing them valuable time and money. Check out this video to learn more about how we transform the way thousands of companies process millions of invoices and payments with our combination of software and service that cuts the clutter while keeping you in complete control of the entire end-to-end process.
This blog defines and compares the three most commonly used inventory control policies. It should be helpful both to those new to the field and also to experienced people contemplating a possible change in their company’s policy. The blog also considers how demand forecasting supports inventory management, choice of which policy to use, and calculation of the inputs that drive these policies.