This topic is essentially a merger of two separate branches, i.e., credit management and inventory management. To begin with, let us find out what is credit management.

Credit management essentially pertains to examining the trade-off among increase in sales and the related cost of granting credit. Granting of credit usually enhances with the increase in sales. Moreover, the cost of granting credit is dependent on two factors – (1) chance that customers will not make the due payment, and (2) financing receivables.

There are primarily three components of a credit policy –

• Terms of sale – It includes credit period, cash discount and discount period, and different types of credit instrument.
• Credit analysis – This analysis involves the distinction between customers who would pay and those who may default.
• Collection policy – It relates to the measures undertaken for collecting receivables.

If questions are asked from credit management, Credit and Inventory Management tutors will take into account these basic concepts while framing the solution.

Inventory management relates to a system of sourcing, storage, and sale of inventory of both components (raw materials) and finished goods (products). With inventory management, businesses strive to hold the right stock at the right level at an appropriate time, place and cost.

If you need greater clarity on these aspects, our assignment help experts can provide that desired input. Credit and Inventory Management assignment solution would have to take all these parameters into account.

Credit and Inventory Management homework help may include some of the topics mentioned below –

• Credit policy and receivables
• Different components of Credit Policy and Terms of Sale
• Analysis of Credit Policy
• Total Cost Curve
• Organising Credit Function
• Evaluation, scoring and granting credit
• Monitor of receivables within Collection Policy
• Perpetual Inventory System
• Periodic Inventory System
• Techniques of Inventory Management
• One-Shot Approach
• Receivables Approach

Credit and Inventory Management assignment help include these topics according to the questions asked in the assignment. Apart from submission, students can also refer to the solution for conceptual clarity and a better understanding of the topic.

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