Inventory Control Methods - 11 Common Ways of Managing Your Products and Ordering

0:00 Introduction
2:52 ABC RETAIL ANALYTICS
3:15 JUST-IN-TIME (JIT) INVENTORY CONTROL
3:42 ECONOMIC ORDER QUANTITIES (EOQ)
4:01 CHOOSE CUSTOMER PAR LEVELS
4:31 FIFO & LIFO
4:55 VENDOR RELATIONSHIP MANAGEMENT AND AUTO-ORDERING
5:17 DEMAND FORECASTING
5:37 MINIMUM ORDER QUANTITY
6:02 SAFETY STOCK ORDERING
6:28 PERPETUAL COUNTING
6:52 DROPSHIPPING

Getting your inventory in order is a huge task. It's important to start with a few different inventory control methods to see what works best for your small business. These 11 are some of the most popular among retailers. And for each of them, businesses can quickly generate reports through their retail point of sale.

To learn more check out the blog and sign up for a free trial with KORONA's retail POS software: https://koronapos.com/blog/inventory-...

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