Discuss issues with low inventory and with excess inventory

Reference no: EM133417058

Question: Several years ago you opened an office supply store. You know it's important to have the appropriate inventory levels available for selling to customers. Business is picking up and you realize you're going to need to delegate some of your duties in order to continue growing. You will continue to decide which products to sell but you want one of your managers to take on the responsibility for deciding when and how much of each item to order and keep in the store. QuickBooks Online maintains information about inventory quantities and values for each inventory item. The accounting information includes the quantity and value of units ordered, received, sold and on hand.

Address all of the below questions in your initial post.

What are important considerations pertaining to the amount of inventory a business has available to sell?

Discuss issues with low inventory? and with excess inventory?

Do you choose the accounting manager, the sales manager or the warehouse manager to assist with reordering inventory? Explain your choice.

Reference no: EM133417058

Questions Cloud

What should be the amount of total manufacturing cost : Inc .has asked you to recalculate the following accounts and to report to him by the end of tomorrow. What should be the amount of total manufacturing cost

Research using the general form of argument from analogy : Second, suggest what you think is the best candidate for a genuine and morally relevant disanalogy between the cases being compared.

Conduct a thorough research inquiry on ifrs : Conduct a thorough research inquiry on IFRS and the proposed changes this will present. Please take a position on whether these changes will be positive

How would you manage this situation using positive guidance : Billy has no formal diagnosis, but struggles with social skills. How would you manage this situation using positive guidance strategies?

Discuss issues with low inventory and with excess inventory : What are important considerations pertaining to the amount of inventory a business has available to sell? Discuss issues with low inventory? and with excess

Develop the appropriate production strategy : Develop the appropriate production strategy and answer the following questions using the Microsoft Excel Online file provided

Describe major cardiovascular disease risk factors : Describe the major cardiovascular disease risk factors and distinguish between those that can and cannot be modified.

What are some examples of environmental degradation : What are some examples of environmental degradation ? What are the consequences of this phenomenon relative to public health?

Evaluate and review service delivery plans for older person : Why is It important to regularly monitor, evaluate and review service delivery plans for an older person?

User Account

All Pages