Comparison should include a description of unit versus dollar systems, physical versus perpetual systems, and JIT systems, and present the advantages and disadvantages of each.
Process/Skill Questions:
- What are the advantages of using computerized inventory systems? What, if any, are the disadvantages?
- How does the JIT approach affect stock management?
- Why should customer service be an important factor when selecting an inventory control system?
- How can real-time data help with customer relations and sales?
- What are the strengths and weaknesses of different inventory control systems based on business type?