The Complete Guide to Inventory Management" provides a comprehensive overview of inventory management for retail businesses. It covers key concepts such as types of inventory, forecasting, purchasing methods, storage options, and essential metrics like inventory turnover and GMROI. The guide outlines techniques like setting reorder points, using economic order quantity (EOQ), and prioritizing with ABC analysis. It emphasizes the importance of automation through inventory management systems to streamline processes, enhance accuracy, and reduce costs. Additionally, it highlights inventory accounting practices and valuation methods like FIFO and LIFO. The guide concludes by exploring different inventory management systems, providing insights into selecting the best fit for a business' needs.

Join for free to read