Techniques of inventory management include:
- Economic order quantity.
- Just in time inventories.
- Optimum stocking level.
- Periodic inventory.
- Perpetual inventory.
- Point–of–sale systems.
- Select three of the seven inventory techniques listed above and explore why a business would implement each one. Be sure to list specific reasons for each.
- Be sure to respond to at least one of your classmates’ posts.