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2. Field inventory management - Wikipedia

   en.wikipedia.org/wiki/Field_inventory_management

   Field inventory management, commonly known as inventory management, is the task of understanding the stock mix of a company and the handling of the different demands placed on that stock. The demands are influenced by both external and internal factors and are balanced by the creation of purchase order requests to keep supplies at a reasonable ...

3. Vendor-managed inventory - Wikipedia

   en.wikipedia.org/wiki/Vendor-managed_inventory

   Vendor-managed inventory ( VMI) is an inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor. Under VMI, the retailer shares their inventory data with a vendor (sometimes called supplier) such that the vendor is the decision-maker who determines the ...

4. Gross margin return on inventory investment - Wikipedia

   en.wikipedia.org/wiki/Gross_margin_return_on...

   GMROII in the retail industry. GMROII is particularly important in the retail industry, where stock turn (i.e. sales units divided by average inventory units) and Gross Margin Percent can vary heavily by item, market segment, location, and period. GMROII can act as the main driver for retailers to analyze their product and store offering.

5. Warehouse management system - Wikipedia

   en.wikipedia.org/wiki/Warehouse_management_system

   Warehouse management system. A warehouse management system (WMS) is a set of policies and processes intended to organise the work of a warehouse or distribution centre, and ensure that such a facility can operate efficiently and meet its objectives. In the 20th century the term 'warehouse management information system' was often used to ...

6. Inventory valuation - Wikipedia

   en.wikipedia.org/wiki/Inventory_valuation

   Methods used to estimate inventory cost. In certain business operations, taking a physical inventory is impossible or impractical. In such a situation, it is necessary to estimate the inventory cost. Two very popular methods are 1)- retail inventory method, and 2)- gross profit (or gross margin) method. The retail inventory method uses a cost ...

7. Retail format - Wikipedia

   en.wikipedia.org/wiki/Retail_format

   Retail format. The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by ...