The Application Of Inventory Control And Purchasing to a Small Retail Business

This study was conducted to address the problem of inventory control of a small retail clothing business. An examination was made of the retail inventory control system and the open-to-buy purchasing method. Illustrations using hypothetical figures were presented in the application of these methods to a small retail clothing business. Several advantages and values of utilizing these methods were cited and illustrated. This study concludes that the implementation of these methods are highly recommended to the management of a small retail clothing business. Information obtained from these methods of inventory control would aid management in making successful merchandising decisions, and thus, enhance the overall business operations