ФИНАНСИЈСКА СТРАТЕГИЈА И ТАКТИКА УПРАВЉАЊА ЗАЛИХАМА
FINANCIAL STRATEGY AND TACTICS OF INVENTORY MANAGEMENT

Author(s): Dragan Mikerević, Đoko Malešević
Subject(s): Business Economy / Management, Management and complex organizations, Accounting - Business Administration
Published by: Savez računovođa i revizora Republike Srpske
Keywords: inventory; economic (optimal) order size; minimum (safety) inventory; relevant inventory costs; strategy and tactics; financial strength;
Summary/Abstract: If they could, companies would prefer not to keep inventories, because, on the one hand, they do not generate income, and on the other hand, they cause costs that have to be financed. Being aware of the inevitability of holding stocks, companies strive to manage them effectively, respecting the relevant costs of stocks: acquisition costs, holding costs and costs of lack of stocks. In order to obtain positive results in this field, companies develop appropriate strategies and tactics of inventory management that would serve to strengthen the company’s financial strength, which means: the permanent ability to pay, finance, invest, increase the owner’s assets and the permanent ability to satisfy the financial interests of the participants in company. The economic order quantity (EOQ) model is used to optimize the stock level, but it is also necessary to determine when to place the order, taking into account the existence and level of minimum (safety) stocks in the company.

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