MANAGEMENT

Detailed explanation-1: -The process typically involves a retail staff member (or team of workers) going through the retailer’ sales floor and stock room and counting each item. The data is then recorded either manually, using pen and paper or electronically using a mobile device.

Detailed explanation-2: -When should you perform a physical inventory count? When and how frequently you perform a full stock take varies from one store to another. Some stores limit full physical inventory counts to once a year, others do them bi-annually, while others conduct them at frequent intervals.

Detailed explanation-3: -Having adequate inventory enables an organization to uphold its fulfillment commitments and stay in line with its customers’ expectations. On the other hand, a low inventory level prevents it from manufacturing its products as per the schedule and ultimately delays shipping the orders on time.

Detailed explanation-4: -The inventory count is one of the most important steps for an ecommerce business. It is a process that’s crucial to making sure your company can supply its customers with what they need and when they need it. It involves inspecting each item for quality and quantity, ensuring you have what you need on hand.