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What are the Problems of keeping inventory?
One problem with keeping inventory is the fact that you will not have the cash invested in the inventory. Instead of keeping inventory establish a just-in-time system.
What are Problems of manual inventory systems?
Manuel inventory systems are used with no technology and inventory is physically counted. The problems with this type of system include that they are time consuming, counts can be off and cost the company money, and ordering supplies can be off if the inventory is not done correctly.
History of inventory system?
The history of inventory systems depends on the type of inventory system being discussed. There are two main types of inventory systems, the perpetual inventory system and the periodic inventory system.
What is NEPA inventory system?
nepa inventory system
Discuss the features of computer based inventory system?
COMPUTER BASED INVENTORY SYSTEM COMPUTER BASED INVENTORY SYSTEM
What is merchandise inventory system?
Merchandise inventory:
How do you ask questions regarding inventory system?
what are the possible questions for inventory system?
What methods do not require a physical inventory periodic inventory system perpetual inventory method retail method or gross profit method?
periodic inventory system
What are the disadvantages of a periodic inventory system?
The perpetual inventory system is more complicated, requires more accounting entries and is more costly the periodic inventory system does.
What are the disadvantages of periodic inventory system?
The perpetual inventory system is more complicated, requires more accounting entries and is more costly the periodic inventory system does.
How is IT useful in Inventory control system?
to practice he/she's knowledge how to use the inventory system
An account used in the perpetual inventory system that is not used in the periodic inventory system is?
Purchases
