BUDGETING METHODS OF SUPPLIES
Published: 2014-01-01
Volume: No 36 - December 2014
Pages: 55|63
Authors
- George Ciprian
Abstract
This article is a presentation of a modality for budgeting the supplies, making a comparison between two methods: keeping the fixed quantity for being ordered, modifying the period between two commands (called command point system) and maintaining constant intervals between commands with a change of the ordered quantities (system called periodic replenishment). The theoretical description of the working methodology is followed by a case study conducted in a business in which we applied the Wilson model. There are also highlighted the limitations as well as the strengths of the two methods under study.
Keywords: budget, supply, Wilson model, orders, deliveries
Cite this article
APA: George Ciprian (2014). BUDGETING METHODS OF SUPPLIES. Internal Auditing & Risk Management, Vol. 36, No. 36, pp. 55-63.
BibTeX:
@article{georgeciprian2014337,
title = {BUDGETING METHODS OF SUPPLIES},
author = {George Ciprian},
journal = {Internal Auditing & Risk Management},
year = {2014},
volume = {36},
pages = {55----63},
doi = {}
}