Marketing EssentialsSection 2:
Inventory ControlAfter You Read Online ActionReviewing Key Terms and Concepts - A perpetual inventory system tracks the number of items in inventory
on a constant basis. Under a physical inventory system, stock is visually inspected
or actually counted to determine the quantity on hand.
- Three different methods include physical inventory, cycle counts,
and visual control.
- Dollar control: Planning and monitoring total inventory investment.
Unit control: merchandise quantities handled in a period of time.
Integrating Academic Skills - $15,000 divided by $3,000 = 5. The answer means that the average
inventory was sold and replaced five times during the selected time period.
- Answers will vary; reports should show an understanding of RFID tags.
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