Title: Describe methods of inventory control.
Course: Fashion Marketing, Advanced (12153-II) > Section: Analyzing the Buying Process

Description should include examples of inventory control methods, such as just-in-time (JIT), dollar and unit control, and real-time (e.g., point-of-sale) inventory systems. Description should consider the following criteria:

- Cost effectiveness
- Effect on customer service
- Appropriateness to product-service mix
- International holidays and events

Process/Skill Questions:

- Why is it important to have an accurate and reliable inventory control system?
- What image does a store's inventory project to customers?
- How do JIT inventory systems affect customer service?
- What are the risks involved in JIT inventory systems? What are the benefits?
- What is shrinkage? How can it be avoided?
- What is the effect of inventory control on profitability?