A company's inventory is one of its most valuable assets. In retail, manufacturing, food service and other inventory-intensive sectors, a company's inputs and finished products are the core of its business. A shortage of inventory when and where it's needed can be extremely detrimental.
Inventory Control can be performed employing one of the many methods that are used by companies. All methods are efficient in their own right; a company must choose the one that suits it the most. It is not necessary for a company to go for just one method at a time, but instead it can be a mixture of two or more methods. Besides that, a good inventory tracking system will tell you what merchandise are in stock, what’s on order, when it will arrive, and what you’ve sold. With such a system, you can plan purchases intelligently and quickly recognize the fast-moving items you need to reorder and the slow-moving items you should mark down or specially promote. This course deals with all aspects of the inventory control and tracking.
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