Retail Inventory

2 Posts
1 Sections
1 Types

August 25, 2024 3 min read Definitions

Forward Stock: Merchandise Carried in Selling Areas but Not Accessible to Patrons

Retail Inventory Management Forward Stock Retail Inventory Protected Merchandise Showcase Items Retail Security

An overview of forward stock in retail stores, where merchandise like perfume, jewelry, and cameras are kept in protected showcases away from immediate customer access.

August 25, 2024 4 min read Definitions

Retail Inventory Method: Inventory Technique Using the Cost Method of Accounting

Accounting Finance Inventory Method Cost Method Retail Inventory Physical Inventory Book Inventory

The Retail Inventory Method is an inventory technique that estimates the cost of inventory by applying an average percentage of cost to the retail price of merchandise. This method can use either physical inventory counting or a perpetual inventory system.