Inefficient Inventory management can also strike a mortal blow to a company’s cash flow and its existence. If the dollars invested into Inventory are not converted into sales revenue, it’s like throwing money away.
Does anyone use a periodic system??
And finally, has anyone worked at an organization where “Just in Time” Inventory management programs were implemented?? Or does anyone work for a company where POS(point of service) inventory systems update inventory in real time??
The following is an example of a financial statement that will satisfy this week’s requirement: