SUPPORTING ECONOMIC EFFICIENCY BY OPTIMIZING THE STOCKS MANAGEMENT

Abstract

Stocks management is an important component in accounting and the research in this field can be developed in many directions considering the multitude of practical situations that may occur in different areas of the economic activity. Making the stocks so as to ensure the effectiveness of the economic entity entire activity involves accelerating the rotation speed of the material resources, optimizing transport, eliminating material losses while holding the resources in stock, intensive use of the production capacity, general reduction of the storage and the release of materials for productive consumption costs. Making and holding stocks are important activities because of the economic and financial implications that these have on the entity’s management efficiency.