Inventory Records a. Why does a company need a control system for its merchandise

Chapter 25, Problem 1

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QUESTION:

Inventory Records

a. Why does a company need a control system for its merchandise inventory?

b. What information does tracking inventory provide to a business?

Questions & Answers

QUESTION:

Inventory Records

a. Why does a company need a control system for its merchandise inventory?

b. What information does tracking inventory provide to a business?

ANSWER:

                                                                  Step 1 of 3

Inventory system or inventory management system is the process which tracks the goods throughout your entire supply chain. This process includes purchasing to production to end sales of items of merchandise.

                                                                 

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