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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 sales ratio. The stock to sales ratio is derived directly from the planned inventory to determine monthly additions to stock in the merchandise budget plan.

Retailers generally think of their inventory at retail price levels rather than at cost. Retailers use their initial markups, additional markups, and markdowns, and so forth as percentages of retail. When retailers compare their prices to competitors', they use retail prices. The problem is that when retailers to design their financial plans, evaluate performance, and prepare financial statements, they need to know the cost value of their inventory. Retailers use physical inventories. This process is time consuming and costly. Retailers take physical inventories once or twice a year.


BOM inventory Forecast monthly sales + Basic stock

The percentage variation gives the same results as basic method when the annual inventory turnover of 6 is planned. When higher inventory turnovers are planned, the percentage variation has the same shortcomings as the basic stock method.

$23,334 = $8,334 + $15,000



Some common words found in the essay are:
RIM Calculate, Inventory-Level Planning, Variation Method, book inventory, basic stock, stock sales, retail inventory, stock sales ratio, total handled, inventory retail, value inventory, sales ratio, Inventory Method, stock method, cost retail, basic stock method, retail inventory method, Retail Management, book inventory retail, Bibliography Appendix, total handled cost, Management Appendix, Sales Ratio, Resources Retailing, Retail Inventory,

Approximate Word count = 1490
Approximate Pages = 6 (250 words per page double spaced)

Category: Miscellaneous

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