Inventory Management Practices in Selected Medium-Scale Boutiques in Sta.Rosa, Laguna

INVENTORY MANAGEMENT PRACTICES IN SELECTED MEDIUM-SCALE BOUTIQUES IN STA. ROSA CITY, LAGUNA Chapter 1: Introduction and Background of the Study Introduction Inventory to many small vexation owners is integrity of the more visible and tangible aspects of doing pedigree. Raw materials, goods in process and finished goods all represent various forms of pedigree. to each one type represents money tied up until the inventory leaves the familiarity as purchased products. In a literal sense, inventory refers to conducts of any involvement necessary to do business. These stocks represent a large portion of the business investment and must be well managed in rear to maximize profits. In fact, many small and medium-scale businesses cannot absorb the types of losings arising from poor inventory guidance. Unless inventories are controlled, they are unreliable, inefficient and costly. sell is one of the major industries and fastest-growing segments of the Philippine economy today. As one of the nations largest employers, the retail industry provides excellent business opportunities for the Filipinos. The entrepreneurs fundament these ventures risk their capital, invest their time and make a dungeon by offering consumers something they need or want.

This could be attributed to the tactual sensation that a trading business is simple to operate and could good generate cash. Retail business reports the cost assigned to unsold units left on hand as merchandise inventory, the moreover inventory account that appears in financial statement. An inventory management is an important concern for managers in all types of business. Firms typically stock hundreds or even thousand of items in inventory, ranging from small thing to large items. Naturally, many of the items a firm carries in inventory relate to the kind of business it engaged in. For these reasons, management is vitally interested in inventory planning and control. Sales and customers may be lost if products ordered are not... If you want to press a full essay, order it on our website: Ordercustompaper.com

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