One of the three ‘P’s of small business operations, People, Process, and Product; process is the operational flow of the business. This includes ordering the raw resources, manufacturing and then delivery to the customer.

Inventory Management – Specific Identification Method

There are several methods used to manage and track inventory in retail.  One of the most accurate inventory management tools is the specific identification method.  In this system each piece of inventory is monitored and tracked throughout the process.  This means from the moment it is received in the warehouse to the final delivery to …

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