How are Inventory levels monitored in Retail stores? Minimum of 50 words
Inventory control is nothing but monitoring the systems like purchasing, shipping, receiving, tracking, warehousing and storage, turnover and reordering. It is very important these activities should be performed in a systematic steps in order to maintain a good inventory control system.
The inventory levels in retail stores are monitored by using single-period model. By using this system, retail store order inventory when there are very little or no value at the end of a sales period. This system is used because the items are sold at regular price and demand is variable.
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