Title: (Optional) Explain inventory control systems.
Course: Strategic Marketing (formerly Marketing, Advanced) (12152) > Section: Examining Channel Management

Explanation should include

- types of inventory systems (e.g., just-in-time, perpetual, physical and inventory turnover, stock lists, dollar- and unit-control)
- types of electronic systems (e.g., real-time inventory management for e-commerce)
- the benefits and drawbacks of each.

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?
- 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 effect 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?