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Essay text:
Retailers use physical inventories. This process is time consuming and costly. Retailers take physical inventories once or twice a year.
Many retailers use point of sale terminals that keep track of every item sold its original cost, and its final selling price. The rest of the retailers face a problem of not knowing the cost value of their inventory at one time. These retailers with either computerized or manual systems can use retail inventory method.
Their are five advantages for using RIM over a system of inventory at cost. The does not have to "cost" each time. When retailers have many SKUs, keeping track of each item becomes difficult and expensive...
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Common topics in this essay:
- inventory management
- Competency Inventory
- Inventory Management
- Inventory Valuation
- inventory models
- Just in time inventory
- Retail Inventory
- Interest Inventory
- Inventory of the lost
- Inventory
- Retail Inventory
- Ethical Awareness Inventory
- Grocery Store Inventory
- Inventory Policy
- Quick Business Inventory
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