# CTE Resource Center - Verso - Marketing, Advanced Task 896546689

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Explain inventory control systems.

Definition

Explanation should include the benefits and drawbacks of various types of inventory systems, such as just-in-time, perpetual, physical and inventory turnover, stock lists, and dollar- and unit-control, as well as electronic systems.

Process/Skill Questions

  • How do various inventory control systems affect customer service?
  • What are the risks involved in each of the systems?
  • What factors are involved in the choice of an inventory control system? Why is each factor important?
  • What is the impact of inventory control on profitability and loss?
  • Why is inventory part of distribution?
  • What is the difference between perpetual and physical inventory systems?
  • What is the difference between dollar-control and unit-control inventory systems?
  • What costs are involved with technology updates?
  • What impact has technology had on inventory control?
  • How can point-of-sale systems aid in inventory control?
  • Why is it important to keep hard-copy files for some stages of the inventory control system?

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.

Mathematics

DM.8

The student will describe and apply sorting algorithms and coding algorithms used in sorting, processing, and communicating information.

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.