Improving Inventory Management and Profits in Retail

TEACHING UNIT 1. INVENTORY PLANNING

1. Introduction.
2. The stock design.
3. The problems faced by suppliers and businesses.
4. Sales Management.
5. Criteria for determining inventory levels.
6. Needs and customs.
7. Family members in attendance.
8. Types of establishments based on inventory.
9. Designed stock.

TEACHING UNIT 2. INVENTORY AND ITS IMPACT ON RETAIL PROFITS

1. Introduction.
2. Inventory and Revenue.
3. The ABC Curve and Inventory.
4. The abc margin curve.
5. Stock Profitability Ratios.
6. ABC Curve of Inventory Turnover.
7. Cross-selling of inventory.
8. Mathematics and inventory depth.

LESSON UNIT 3. MARGINS, PROFITS, AND INVENTORY

1. Introduction.
2. Inventory Costs.
3. Business expenses.
4. Average inventory.
5. Inventory and related expenses.

TEACHING UNIT 4. OPTIMIZING INVENTORY MANAGEMENT

1. Introduction.
2. The Re-provisioning Tool.
3. The order unit or time unit.
4. Inventory Management in Practice.

TEACHING UNIT 5. INVENTORY AND TECHNOLOGY

1. Introduction.
2. Digital Models for Inventory Management.
3. The technological foundations of inventory management.
4. The checkout barcode.
5. The input barcode.
6. Inventory management software.
7. Reports from an inventory management program.
8. Shopping without placing an order.
9. Seasonal adjustment.
10. Administrative procedures.
11. Inventory without counting items.