# CTE Resource Center - Verso - Marketing, Advanced Task 1230119699

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Explain the inventory handling process.

Definition

Explanation should include
  • receiving inventory (facilities and receiving records)
  • checking inventory (blind check, direct check, spot check, quality check)
  • marking merchandise (source marking, pre-retail marking)
  • transferring merchandise.

Process/Skill Questions

  • How do bar codes and scanners speed up the stock handling process?
  • What are the strengths and weaknesses of various inventory methods?
  • What is the importance of completing purchase orders and invoices?
  • What is the direct-to-store approach?
  • How do intermediaries play a role in the stock handling process?
  • What technology is available to speed up the inventory checking process? Why is it important to be accurate when checking inventory?
  • How has global sourcing affected supply chains?
  • Why is it important to do a physical inventory check?
  • How can small businesses utilize technology on a small scale to imitate the pricey practices used by corporations?
  • How can different distribution processes affect inventory handling?

Related Standards of Learning

English

11.5

The student will read, interpret, analyze, and evaluate a variety of nonfiction texts including employment documents and technical writing.
  1. Apply information from texts to clarify understanding of concepts.
  2. Read and correctly interpret an application for employment, workplace documents, or an application for college admission.
  3. Analyze technical writing for clarity.
  4. Paraphrase and synthesize ideas within and between texts.
  5. Draw conclusions and make inferences on explicit and implied information using textual support.
  6. Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
  7. Analyze false premises, claims, counterclaims, and other evidence in persuasive writing.
  8. Recognize and analyze use of ambiguity, contradiction, paradox, irony, sarcasm, overstatement, and understatement in text.
  9. Generate and respond logically to literal, inferential, evaluative, synthesizing, and critical thinking questions about the text(s).

12.5

The student will read, interpret, analyze, and evaluate a variety of nonfiction texts.
  1. Use critical thinking to generate and respond logically to literal, inferential, and evaluative questions about the text(s).
  2. Identify and synthesize resources to make decisions, complete tasks, and solve specific problems.
  3. Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
  4. Recognize and analyze use of ambiguity, contradiction, paradox, irony, overstatement, and understatement in text.
  5. Analyze false premises claims, counterclaims, and other evidence in persuasive writing.

Other Related Standards

National MBAResearch Standards-Business Administration

Implement purchasing activities to obtain business supplies, equipment, resources, and services.

 

National MBAResearch Standards-Marketing

Acquire foundational knowledge of channel management to understand its role in marketing.