Two primary factors control inventory. The average amount of inventory you keep on hand, and the total cost of all the inventory you sold in a given time period.
Average inventory will largely be determined by your business model and your business finances. Are you a small specialty shop that primarily deals in service? In that case, you might keep a little inventory on hand, but mainly you deal with special orders. If you have a large retail store that aims to move a higher volume of goods, you need to have sufficient capital and financing to hold that inventory.
Purchasing and Inventory includes:
- Receiving Stock
- Price Ticketing Information
- Returns to Suppliers
- Write Offs
- Mar Ups and Mark Downs
- Transferring Stock Interbranch
- Dealing with Repairs
- Lending Stock to Other Retailers
Purchasing And Inventory
- Product Code: PP1507
- Availability: In Stock