Some aspects of inventory control in the soap industry

Abstract

SummaryTo obtain inventory control, you must first have records. Secondly, you must have some way to activate these records so that intelligent use can be made of them. The burden of record keeping should not be allowed to become paramount. The important thing is the action taken on the records, not the records. Thirdly, one person should be given the authority to control inventories for a given number of items. He, of course, will work within the frame‐work set up by top management as to the desired inventories to be carried, but within this frame‐work there is a great deal of leeway and, by smart requisitioning, he can do much to obtain lower inventories. Achieving lower inventories means the saving of dollars. And, after all, profits are what people are after in business. By keeping inventories in balance, he not only reduces the amounts carried but puts the company in a much more flexible position. In modern industry ability to change is important. The inventory control group has the responsibility to see that for its part the company is always ready to meet this ever‐changing sales picture.