Define inventory control.

Definition may include

• purchasing supplies and equipment for a barbershop
• maintaining inventory of retail products or consumption supplies.

Process/Skill Questions:

• What are the advantages of renting equipment instead of buying equipment?
• How often should shelves be restocked?
• What are the differences between consumption supplies and retail products?
• Why is keeping track of inventory important?
• What role does an accurate inventory have in preparing a budget for the barbershop?