SISTEMA PARA EL CONTROL DE INVENTARIOS EN LA EMPRESA “INVERSIONES NOVILLO DE ORO S.A.S”

Abstract

The purpose of this research work is to develop a proposal for the management of inventories in the Company «INVERSIONES NOVILLO DE ORO SAS» located in the city of Bogota DC, since its processes and procedures do not have a characterization under the criteria of international financial reporting standards, which translates into accounting risks generated by the absence of an internal control system that detects and reduces them to a financially acceptable level, in such a way that it is urgent to use a tool that not only allows efficient inventory management, but satisfies theentity’s own needs. Taking into account that not any method for inventory control meets these requirements, given the existence of other commonly used models such as the weighted average and ABC costing, however, these methods are used in industrial sectors, meanwhile, the case In particular, as the one in question focuses on the tertiary or services sector, specifically the gastronomic sector, it is important to remember that companies in this sector are distinguished by a daily rotation of their inventories, especially those that require greater control such as perishables or at least a specific control, since they could easily be carried as an expense, which is why it is the object of this research that aims to suggest the FIFO model in order to avoid unnecessary costs and reduce waste, in relation to the administration of the resources, which we well know are scarce. DOI: http://dx.doi.org/10.21017/rimci.2020.v7.n14.a87