Week 8 discussion – inventory techniques

Please respond to the following:

• Techniques of inventory management include:
  • Economic order quantity.
  • Just in time inventories.
  • Optimum stocking level.
  • Periodic inventory.
  • Perpetual inventory.
  • Barcoding.
  • Point–of–sale systems.
• Select three of the seven inventory techniques listed above and explore why a business would implement each one. Be sure to list specific reasons for each.