Types of Inventory Systems Used in Businesses

Discussion 5
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An inventory refers to a list of tangible goods or property owned by a particular company that is to help in the running of the company including production, sale, and customer services among other activities. An inventory is a very important asset for any company, as it is used to keep track of the goods owned by the company after every transaction. There are different systems of keeping inventories and each has its own advantages and disadvantages depending on the type of business that is being run.
For a big and well established electronic shop that deals with home appliances, the goods that will be handled by the business will be different and of large quantities. Every transaction will be recorded by scanning the barcode on every electronic device and the data saved in inventories in the central c...