*inventory record keeping

Question 1

manual record keeping

Answer 1

A bin card (or inventory card) is used to manually monitor inventory coming in, inventory coming out and a balance

Question 2

EPOS (computerised record keeping)

Answer 2

scanning barcodes/QR codes in the warehouse, on shelves and at the till in order to automatically update inventory levels

Question 3

databases/spreadsheets (computerised record keeping)

Answer 3

using software to hold the inventory information and also carry out calculations and analysis

Question 4

CCTV and security tags (computerised record keeping)

Answer 4

to deter theft of inventory from both the warehouse and store

Question 5

why use a computerised system?

Answer 5

• records will be more accurate compared to manual system
• inventory levels can be automatically updated
• inventory can be automatically ordered from your supplier
• easier to analyse the popularity of certain products