Question: Conduct a thorough analysis of your inventory practices and implement point - of - sale system that integrates inventory management. Stock everything customers may want
Conduct a thorough analysis of your inventory practices and implement
pointofsale system that integrates inventory management.
Stock everything customers may want so that you do not lose business to
competitors.
Stock a large number of the bestselling items to avoid shortages.
"Pull" inventory management systems are characterized by:
Only generating an order when inventory hits a threshold low.
"Pulling" down inventory levels to near zero.
Only generating an order when a customer asks for an item.
Pulling information for inventory orders from sales forecasts.
What does this Kideo tell us about assets?
Inventory is not an asset.
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