Sir your inventory part 6 is not uploaded 🥺 plz upload sir and please make another playlist for inventory management. Advance thank you sir ❤ your lectures helped me alot 😌❤
Shortage cost is kind of opportunity cost... It is in a way the profit that we would have made by selling a unit to prospective customer... It is only an estimation/approximation because it might so happen that the customer will come back tomorrow and you can sell the unit to him and you make no loss for yesterday's shortage... Or he may tell others also not to buy from us and we might lose business to our future prospects... So it is not a tangible and confirm cost... It is only an approximation... Hope it helps clear some doubt🙏🏻
Thanks sir you are helpful for my mba 1st sem exam.
Sir your inventory part 6 is not uploaded 🥺 plz upload sir and please make another playlist for inventory management. Advance thank you sir ❤ your lectures helped me alot 😌❤
Here you have your New Playlist on Inventory Management: th-cam.com/play/PLzj2eBwEXFve06zB2yEpZzWhxzIbdZlrT.html
@@AdityaClassesBikaner thanks a lot sir❤😌❤
🙏🏻
what is the interpretation of shortage cost?
Shortage cost is kind of opportunity cost... It is in a way the profit that we would have made by selling a unit to prospective customer... It is only an estimation/approximation because it might so happen that the customer will come back tomorrow and you can sell the unit to him and you make no loss for yesterday's shortage... Or he may tell others also not to buy from us and we might lose business to our future prospects... So it is not a tangible and confirm cost... It is only an approximation... Hope it helps clear some doubt🙏🏻