I want some assistance discussing the given questions:
Q1. What would be three different inventory types that a dry cleaner could use?
Q2. What would be an average value of total inventory maintained by a dry cleaner and how would this compare to the annual gross income?
Q3. What are the key issues or problems with inventory, such as accuracy of inventory records, maintaining, storing, moving and controlling inventory, assuring quality from suppliers, getting on time deliveries, etc?
Q4. What key methods could a company use to manage and track inventory, e.g. technologies, methodologies, etc?
Q5. How does the company attempt to solve their inventory issues?