advantages of keeping inventories and which way it useful to business.
2006-07-16 20:10:47 · 4 answers · asked by sasi 1 in Business & Finance ➔ Other - Business & Finance
Cost calculation, sales vs loss, inventory as part of capital. An accurate and timely inventory is key to a business knowing what and how it is doing.
2006-07-16 20:17:14 · answer #1 · answered by DARTHCARL 2 · 0⤊ 0⤋
if you are like wal-mart that employs just-in-time production, then you don't need inventories (except those on shelf).... but most likely you dont juse just-in-time as it is very expensive to implement, so you will need inventories so when your customers come they will have the products so they won't turn away to your compeititors.....
2006-07-16 20:29:10 · answer #2 · answered by ♥Cutie Emily♥ 5 · 0⤊ 0⤋
To keep an eye on profit, through various complexities of book-keeping.
2006-07-16 20:30:13 · answer #3 · answered by Spiritualseeker 7 · 0⤊ 0⤋
so you know what you have. If a customer orders something you want to be able to get it to them right away not have them wait while you order it.
2006-07-16 20:14:58 · answer #4 · answered by heather m 3 · 0⤊ 0⤋