Just In Time (JIT) Inventory
24 Aug 2021
Just In Time (JIT) Inventory: Definition, Advantages & Examples https://youtu.be/-ftL8j_qnTk Just In Time (JIT) is a production and inventory control system in which materials are purchased and units are produced only as needed to meet actual customer demand. Just in Time Inventory Definition Just in time (JIT) inventory is a strategy to increase efficiency ...
Calculating Beginning Inventory: Formula & Explanation
08 Aug 2021
Calculating Beginning Inventory: Formula & Explanation https://youtu.be/FVcGfr3FgBk Calculating Beginning Inventory: Formula & Explanation One of the most important assets a company must protect and control is inventory. In this lesson, you\'ll learn how to calculate beginning inventory, which is the first step of accounting for inventory changes during an accounting period. Definition of Beginning ...
Inventory Counting: Process & Methods
28 Jul 2021
Inventory Counting: Process & Methods https://youtu.be/ASUcJUC5_m0 It is important for any business to know how much and what types of items that they have available to sell. In this lesson, you will learn what inventory is, how to count it, and why it is important. Inventory Defined Can you count? If you answered yes, ...
What is the inventory turnover Ratio ?
22 Jul 2021
What is the inventory turnover Ratio ? https://youtu.be/R84iIykmB7s What is the inventory turnover Ratio ? Hello everyone, welcome to today\'s video guide on inventory turnover ratio, everybody right from small shopkeepers to large retail companies, keep track of their inventory turnover ratio, do you keep track of your inventory ratio? so what exactly ...
Inventory Control Systems: Types & Purpose
20 Jul 2021
Inventory Control Systems: Types & Purpose https://youtu.be/B2WlpGROqG8 Inventory Control Systems: Types & Purpose Managing inventory is essential for the success of many businesses. In this video, you\'ll learn about different types of inventory control systems. We\'ll take a look at continuous and periodic systems as well as the ABC classification system. Overview of Inventory ...
Warehouse Management Systems Types and Benefit
25 Mar 2021
For many companies, goods sit in warehouses before they are sold. In this lesson, we\'ll look at how companies keep track of their inventory in warehouses using warehouse management systems. What is a Warehouse Management System? Have you ever been shopping for clothes and found the perfect outfit, but it\'s just not ...