CS Executive Costing - Material Lectures
Dani Ki Costing
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CS Executive Costing Video Lectures
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Material
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Lecture 1
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Lecture 2
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Lecture 3
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Lecture 4
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The End
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(iii) ORDER CYCLING SYSTEM
In the order cycling system, quantities in hand of each item or class of stock is reviewed periodically say, 30,60 or 90 days. If in the course of a scheduled periodic review it is observed that the stock level of a givenitem will not be sufficient till the next scheduled review keeping in view its probable rate of depletion, an orderis placed to replenish its supply. Review period will vary from firm to firm and also among different materialsin the same firm. Critical items of stock usually require a short review cycle. Order for replenishing a givenstock item, is placed to bring it to some desired level which is often expressed in relation to number of day’sor week’s supply.The scheduled periodic review plan does not consider differences in rates of usage for different items ofstock with the result that items whose usage has declined will have surplus stock whereas for some itemsrate of depletion might have increased to the extent that their stock is exhausted much before the nextreview date. Moreover, the system tends to make procurement and purchasing activities reach their peakaround the review dates.
CS Executive Costing - Material Lectures
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