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Author Question: Describe inventory control systems. What will be an ideal ... (Read 49 times)

moongchi

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on: Sep 11, 2018
Describe inventory control systems.
 
  What will be an ideal response?

Question 2

Explain how buyers evaluate their merchandising efforts.
 
  What will be an ideal response?


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efwsefaw

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Reply #1 on: Sep 11, 2018
Answer to Question 1

unit systems record number of units ordered, received, in stock, or sold; inventory control (book) keeps records of dollar value of merchandise ordered, received, in stock, sold, transfers, and returns; physical inventory is the actual item-by-item count of all merchandise in stock to confirm computer records.

Answer to Question 2

check sales figures; compare to previous week, month or year to see if sales increasing or decreasing; vendor analyses; use ratios such as average gross sales, sales per square foot and stock turn to evaluate success and do better planning in future


moongchi

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Reply 2 on: Sep 11, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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