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Please explain what its connection to inventory management.
in IAS 2 - Inventories by Level 1 Member (1.6k points)
Are you preparing for an exam? By the way this does not directly relate to IFRS
yes sir I am preparing for an exam.

1 Answer

0 votes
Inventory management would have evolved in the backdrop of following questions:
- How much we have in hand?
- How much we need in the future?
- How much we should keep in hand & for how long?
- When should be place next order & much we buy in the next order ?
by Level 2 Member (3.4k points)