ISCOM 305 Week 2 DQ's
ISCOM 305 Week 2 DQ'sThe word 'inventory' can refer to both the total amount of goods and the act of counting them. Store owners need to know the specific number of items available on display and in storage areas in order to place new orders or control losses. Factory managers need to know how many units of their products are available for customer orders. Restaurants need to order more food based on their current supplies and menu needs. All of these businesses rely on an inventory count to provide answers.
If a company turns over inventory rapidly, the financial performance of the firm