Discuss issues with low inventory and with excess inventory

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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

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