Retail Inventory-Level Planning consists of retail inventory method (RIM) which is an accounting procedure whose objectives are to maintain a perpetual. It also can book inventory in retail dollars amounts and to maintain records that make it possible to determine the cost value of the inventory at any time without taking a physical inventory. Also known as book inventory system or perpetual book inventory. Retailers also have another important choice to make the stock to …showed first 75 words of 1494 total…

…showed last 75 words of 1494 total…retail inventory is essential for the business to run smoothly and continue to prosper. All retailers need this skill to keep track of their inventory whether it is using POS terminals or utilizing the retail inventory method. Bibliography Appendix 13a; Retail Inventory Method p 396-398: Retail Management Appendix 13b; Alternatives to Stock to Sales Ratio P 399-401: Retail Management www.harvarduniversity.edu Business Resources (Retailing) www.askjeeves.com (Steps of Retail Inventory Method) ------------------------------------------------------------------------ **Bibliography**