Skip to content


CA/U2 Topic 3 Direct and indirect labor

The difference between direct labor and indirect labor is that only labor involved in the hands-on production of goods and services is considered to be direct labor. All other labor […]

CA/U1 Topic 14 LIFO

LIFO is the acronym for last-in, first-out. It is a cost flow assumption that can be used by U.S. companies in moving the costs of products from inventory to the […]

CA/U1 Topic 13 FIFO

The first in, first out (FIFO) method of inventory valuation is a cost flow assumption that the first goods purchased are also the first goods sold. In most companies, this […]

CA/U1 Topic 12 JIT,VED

`Just-in-time’ is a management philosophy and not a technique. It originally referred to the production of goods to meet customer demand exactly, in time, quality and quantity, whether the `customer’ […]

CA/U1 Topic 11 Stock Levels

Stock level refers to the different levels of stock which are required for an efficient and effective control of materials and to avoid over and under-stocking of materials. The purpose […]

CA/U1 Topic 9 FSND

This analysis classifies inventory based on quantity, the rate of consumption and frequency of issues and uses. Here is the basic depiction of FSN Analysis: F stands for Fast moving, […]

CA/U1 Topic 7 Materials And Inventory

Materials and inventory management is the cornerstone of effective supply chain management. When the proper inventory management methods and material management system are in place, enterprises can enjoy the benefits […]

CA/U1 Topic 6 Steps in Materials Control

One of the greatest challenges in selecting a materials management system is the sheer number of solutions available. In an arena where time is money, because inefficiencies in the materials […]

CA/U1 Topic 5 Materials Control: Meaning

Material control is the main component of the process of material management. Control over materials is of utmost importance for smooth and uninterrupted functioning of an organisation. “Material control is […]

CA/U1 Topic 2 Cost center and Cost units

Cost center includes a production or service location, function, activity or plant item in relation to which costs are determined. It may include a single expensive machine, a group of these […]