(Optional) Explain the inventory handling process.

Explanation should include

• receiving inventory (facilities and receiving records)
• checking inventory (blind check, direct check, spot check, quality check)
• marking merchandise (source marking, pre-retail marking)
• transferring merchandise.

Process/Skill Questions:

• What are the strengths and weaknesses of various inventory methods?
• What is the importance of completing purchase orders and invoices?
• What is the direct-to-store approach?
• How do intermediaries play a role in the inventory handling process?
• What technology is available to speed up inventory checking? Why is it important to be accurate when checking inventory?
• What are the effects of supply chain disruption on local businesses?
• Why is it important to do a physical inventory check?
• How can different distribution processes affect inventory handling?