Retail businesses maintain an inventory of finished goods for sale and operating supplies to conduct business. A manufacturer also maintains an inventory of finished goods and supplies, but also keeps ...

The perpetual inventory system has several advantages over a periodic system for businesses of all sizes. In a business using the periodic inventory method, purchases are recorded throughout the year ...

IMGCAP(1)]Inventory management is the practice of planning, directing and controlling inventory so that it contributes to the business' profitability. Inventory is an asset on the balance sheet that ...