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0:00 Introduction
2:52 ABC RETAIL ANALYTICS
3:15 JUST-IN-TIME (JIT) INVENTORY CONTROL
3:42 ECONOMIC ORDER QUANTITIES (EOQ)
4:01 CHOOSE CUSTOMER PAR LEVELS
4:31 FIFO & LIFO
4:55 VENDOR RELATIONSHIP MANAGEMENT AND AUTO-ORDERING
5:17 DEMAND FORECASTING
5:37 MINIMUM ORDER QUANTITY
6:02 SAFETY STOCK ORDERING
6:28 PERPETUAL COUNTING
6:52 DROPSHIPPING
Getting your inventory in order is a huge task. It's important to start with a few different inventory control methods to see what works best for your small business. These 11 are some of the most popular among retailers. And for each of them, businesses can quickly generate reports through their retail point of sale.
To learn more check out the blog and sign up for a free trial with KORONA's retail POS software: koronapos.com/blog/inventory-...
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Who Are We?
KORONA POS is an award-winning point of sale software designed for retail and ticketing businesses. As one of the first cloud-based systems on the market, we strive to help business owners improve efficiency and accuracy, thereby fostering natural growth. The software comes with free customer support, no contracts, no fees, no penalties, and no processing agreements.
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