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conducted inventory, performed inventory, reconciled inventory

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What is a vendor managed inventory?

Vendor managed inventory is a actually the preferred way for many businesses such as distributors and retailers to keep track of inventory levels. It is an easy way to determine when purchase orders need to be made.


Why is slow inventory turnover a concern?

Slow inventory turnover means that you have too much capital invested in inventory. You could reduce inventory levels and put that money to better use - marketing, reduction of debt, etc


What is meant by purge inventory?

Purging inventory is a specific way to maintain your business efficiently. This is basically going through and getting rid of old, unwanted, or missing merchandise from your inventory sheet.


What is an inventory management about?

Inventory management concerns the control and flow of merchandise inventory. Usually computerized, inventory management keeps track of the amount of product on hand and the amount sold and it sometimes will automatically order more merchandise as needed. It is a way of optimizing sales.


What is a perpetual inventory?

A perpetual inventory system continuously updates inventory records in real time as transactions occur, such as sales and purchases. This method allows businesses to maintain accurate stock levels and better manage inventory by providing immediate insights into available quantities. Unlike periodic inventory systems, which update records at specific intervals, perpetual inventory ensures that inventory data is always current, facilitating more effective decision-making.

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