INVENTORIAUS SVARBA PRIIMANT KOMANDOS VALDYMO SPRENDIMUS

Abstract

The purpose of this paper is to show the importance of inventory for a management team within a company in decision making. The main goal of the team is to maximize the company's net profit. The paper will describe the most important functions of the inventory for the benefit of society and how last minute decisions can be made regarding important activities within the organization, as well as the positive influence of these decisions. In addition, the paper will include several methods of profit maximization that involve constant monitoring of stock levels and replenishment. Careful supervision like this will prevent losses for several reasons, such as damage to packaging, expired products or even theft. Additional benefits include organized inventory, as well as the most widely used strategies in reducing expenses and increasing sales within a company. The main purpose of this paper is to increase the fact that inventory is not only a procedure that companies are required to follow at least once a year, but also has multiple advantages that can radically change profits. The methodology consisted of an analysis of academic publications and specialized books of the authors: Dorel Mates, Veronica Grosu, Aura Domil, Daniela Pordea and Denisa Cretu, publications between 2018-2020 and lectures and papers by Monica Nedelcu and Constantin Bagu have were also used to understand the stock production process, as well as production management, published in 2017. Inventory is an indispensable step in the production and operation of a business, as stated by experts in their publications.