BUDGETING METHODS OF SUPPLIES
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Authors:
• Mariana RADU, PhD, email: meryradu@yahoo.com, Afiliation: Valahia University from Targoviste, Faculty of Economics
• George Ciprian GIJU, PhD, email: ciprian_giju@yahoo.com, Afiliation: Valahia University from Targoviste, Faculty of EconomicsPages:
• 55|63 -
Keywords: budget, supply, Wilson model, orders, deliveries
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Abstract:
This article is a presentation of a modality for budgeting the supplies, making a comparison between two methods: keeping the fixed quantity for being ordered, modifying the period between two commands (called command point system) and maintaining constant intervals between commands with a change of the ordered quantities (system called periodic replenishment). The theoretical description of the working methodology is followed by a case study conducted in a business in which we applied the Wilson model. There are also highlighted the limitations as well as the strengths of the two methods under study.
