INVENTORY: The assortment of products maintained by a business.
PHYSICAL INVENTORY SYSTEM Determining the amount of a product by hand.
PERPETUAL INVENTORY SYSTEM Continuous count of products in a business —barcodes, computer systems, etc.
PURCHASE ORDER Lists the quantity, variety, prices, etc of products ordered; filled out by the buyer
PACKINGS LISTS, INVOICES AND RECEIVING RECORDS • List broken down by items in the shipment to be distributed. • Billing statement broken down by items in the shipment. • List of all the items received in the shipment and their condition.
BLIND CHECK A registration of all the received products in a shipment before comparing them to the invoice.
DIRECT CHECK Comparing the received products immediately with the invoice for the shipment.
SPOT CHECK Random product checks for quantity/quality etc.
QUALITY CHECK An entire check of the condition of the products received in a shipment
END! Emily Eckert