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What are the motive behind discount offer by companies?
Companies offer discounts as a way to attract new customers, increase sales volume, and create a sense of urgency for consumers to make a purchase. Discounts can also help companies clear out excess inventory, maintain competitiveness in the market, and build brand loyalty among customers.
How do businesses manage excess inventory?
With excess inventory, it is possible to return it back to the supplier for a fee. However, if a business still wants to attempt to make a profit, many businesses will put the inventory up for sale or clearance. This usually occurs at the end of a selling season when new inventory is coming in.
How many life insurance companies are there in the US?
At last count, there were in excess of 2000 companies selling life insurance in the US.
How many life insurance companies are in the us?
At last count, there were in excess of 2000 companies selling life insurance in the US.
How do you calculate excess inventory?
Excess inventory is calculated by comparing the current inventory levels to the optimal inventory levels for a given period. First, determine the ideal inventory level based on sales forecasts and demand. Then, subtract the optimal inventory level from the actual inventory on hand. If the result is positive, that amount represents excess inventory.
What is the situation called when there is more of a product being offered for sale than people want to buy at that price?
In economics, it is called surplus.In retail, it may be referred to as excess inventory or overstock. If it is a desirable item that is not selling, it could be overpriced.In marketing, it could be referred to as over-production.
Which basic production planning strategy will build inventory and avoid the costs of excess capacity?
Which basic production strategy will build inventory and avoid the costs of excess capacity
What is a major inhibitor for the DoD to sell excess inventory?
Difficulty with identifying and classifying excess items
How do you calculate the excess inventory across a supply chain or at a particular site warehouse?
You would have to do a count of all the inventory. Have all the managers submit the information so you can determine the excess.
Which technology has most lowered inventory costs in industry?
The implementation of Just-In-Time (JIT) inventory management has significantly lowered inventory costs across various industries. By synchronizing production schedules with demand, JIT minimizes excess inventory and reduces storage costs. Additionally, advancements in technology, such as automated inventory tracking systems and predictive analytics, have further enhanced inventory management efficiency, enabling companies to optimize stock levels and reduce waste.
What are the merits of continuos inventory records?
There is something called the Opportunity cost. The regular inventory check would help in minimization of the capital tied up in excess inventory and the opportunity cost can be minimized by that. So the biggest merit of that is to lay check on the maintenance and excess tied up capital to the inventory reserves.
Is billings in excess of cost reported in current asset side is your inventory?
No, billings in excess of costs are a current liability.
