Explain the stock-handling process.

Explanation should include

• receiving stock (e.g., facilities and receiving records)
• checking merchandise (e.g., blind check, direct check, spot check, quality check)
• marking merchandise (e.g., source marking, preretail marking)
• transferring merchandise.

Process/Skill Questions:

• How do bar codes and scanners speed up the stock-handling process?
• What is the direct-to-store approach?
• How do intermediaries play a role in the stock-handling process?
• What technology is available to speed up the inventory-checking process? Why is it important to be accurate when checking inventory?
• What are techniques to identify low-turn stock?
• What is drop shipping? What are the advantages and disadvantages of this stock handling process?