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The P’s and Qs of Inventory

Does it make more sense for a manufacturing enterprise to use a perpetual or a periodic inventory plan? The answer may depend on how to set the right inventory levels, and how to manage “unplanned” demand. Scott Palka, PBO Partner, answers the P’s and Q’s of Inventory in American Machinist.

Article Link: http://www.americanmachinist.com/enterprise-data/p-s-and-q-s-inventorying

Author

Scott Palka
CFA CPA CMA MBA, Pro Back Office Partner/Consulting CFO
Scott holds a Master of Business Administration from the University of Denver’s Daniels School of Business, a Bachelors’ of Science, with honors, from the University of Illinois, and an Associate of Science in Chemical Technology from the College of Lake County. Scott is a Chartered Financial Analyst, a Certified Management Accountant, and a Certified Public Accountant. During his career, Scott has led financings from $1 million to $370 million, provided merger & divestiture analysis, deal structure and execution, led several major financial and operational system implementations, and put six sigma process improvements into action. Scott has 4 kids and loves spending time with his family. He is an enthusiastic cyclist who rides for both fun and charity.