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The Q Factor in Inventory Accounting

For manufacturing operations, managing inventory is no less important to the production process than material selection or machine set-up. It’s critical to understand the principles of inventorying — the P’s and Q’s, price and quantity. Read more about the P’s and Q’s of Inventory in PBO Partner, Scott Palka’s, piece featured in American Machinist and how a part’s value is based on QUANTITY (not cost) and how the value of the part is relative to its irreplaceable role in carrying out the (overall) manufacturing program.

Article Link: http://www.americanmachinist.com/enterprise-data/q-factor-inventory-counting

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.