Inventory system advantages and disadvantages

label Accounting
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schedule 1 Day
account_balance_wallet $5

You own Widgets 'R Us and are preparing your year-end financial statements.

1. What inventory system do you use and why? What are its advantages and disadvantages?

Nov 26th, 2014

FIFO - First In First Out

Advantages

Inventory control program is employed for checking products and also generating documents for example enquiry requests, work orders, output / input evaluations as well as list of materials. There are many pros for utilizing such an application on your firm. Some downsides may also be regarding inventory management program, these cease to be a challenge if they are dealt with in the good manner. In addition, if you are using the most effective inventory computer software out there, it is likely you do not need to handle cons.

Disadvantages

Many inventory management program apps are priced very high, and price is usually an issue for medium and small sized firms. The hardware costs from the comparison to its barcode viewers and other parts can also add for the expense. Nonetheless, this is simply a one-time cost solely. When you are the software program, you’ll be able to recover this expense considering that the system aids you in saving take advantage other areas.


Nov 27th, 2014

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Nov 26th, 2014
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Nov 26th, 2014
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