Title: Explain inventory control systems.
Course: Marketing Management (12166) > Section: Managing Distribution and Inventory

Explanation should include the benefits and drawbacks of various types of inventory systems and dollar- and unit-control as well as electronic systems. Examples may include, but not be limited to,

- just-in-time (JIT)
- made-to-order
- perpetual, physical, inventory turnover
- stock lists (e.g., basic, stock, never out)
- enterprise resource planning (ERP)
- barcode/Universal Product Code (UPC)
- radio frequency identification (RFID)
- bokode data tag.

Process/Skill Questions:

- How do various inventory control systems affect customer service?
- What factors and risks are involved in the choice of an inventory control system?
- What is the effect of inventory control on profitability and loss?
- What is the relationship between inventory and distribution?
- What is the difference between perpetual and physical inventory systems?
- What is the difference between dollar-control and unit-control inventory systems?
- Why is inventory control important?