Question

Imagine that you are working at a clothing or grocery store, and answer the questions below about inventory and merchandising for the store. a. Describe at least two factors you could consider to help decide how much inventory to keep in stock of a particular item at the store.?

Answer 1

Answer:

Explanation: Two important factors that could be considered to help decide how much inventory to keep in existence of a particular item in the store are:

1. Different inventory management techniques: These well-developed techniques will allow for an adequate level of inventory since, if not applied, maintenance of high levels of inventory could be incurred. The same would happen if there is a low level of inventory, since more costs would also be incurred as well, since there would be a need to place more orders. Maintaining an adequate level of inventory allows you to be stocked all the time and provide optimal service.

2. Use technological tools, that is to say computer systems to optimize the realization of inventories, taking into account that it is necessary to work with qualified personnel to keep a record of all the items owned by the company.