Periodic Inventory Systems

Periodic Inventory governance The Periodic Inventory System (PIS) is unremarkably used in by small businesses to honor rails of high catalogue turnover. Small businesses such as home-brewed jewelry designers choose to use the PIS so that they lay almost monitor, which items are popular and need to be regulariseed faster than others. victimization a PIS allows businesses to forecast the needs of popular items using childly tr polish offs and projecting new trends. The PIS requires physical armoury counts and after part be monthly, quarterly, or annually. Because this is time-consuming most companies only do this at a time a year at year end. Peavler (n.d.), Periodic breed management allows a ships company to know etymon neckcloth and ending inventory entirely it does not track inventory on a everyday basis (para. 6). The formula for the PIS is beginning Inventory + purchases made = thirty costs of products sold = score inventory. Based on the indicator the a verage for my company for 4 years is $42,114.00. My forecast shows that I will have a reduction in inventory and sales at the end of the year. This is due to the economy and declining jewelry sales. I used the miserly from all four years and multiplied it by 12 months to get my yearly average. predict can be through by taking info from a set analytic thinking and manipulating the data with the want variables and coming up with the final outcome.

In my indez it shows that business has climed the lead three years in a row and following(a) year I predict it to come by about $30,000.00 Year1234MeanInde x5 Month January18,10472,50143,7133! 5,20342,380.31.0042,348.96 February16,30046,53030,74051,25036,205.00.8535,996.61 March15,71022,10047,80034,24029,962.50.7130,067.76 April59,60342,43571,45064,23659,431.01.4059,288.54 may86,41543,25659,40163,21463,071.51.4963,099.95 June71,45440,00055,20057,90456,139.51.3356,324.11 July55,20139,80932,18060,00046,797.51.1147,007.34 August56,89663,70438,600...If you want to get a full essay, localise it on our website: OrderCustomPaper.com

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