Acc Inventory Proposal

Inventory Proposal

Inventory systems are crucial for many businesses whose profits come from selling goods. These systems track inventory data and sales demands over time to forecast future needs.

Costco Wholesale

Costco is a wholesale retailer that supplies one of the largest product category selections under one roof. The products offered at Costco range from groceries to clothes and televisions to sporting goods. In the last four years, Costco has seen a constant increase in net sales, net income, sales growth, and decreases in administrative expenses. All of these increases contribute to the inventory situations that Costco regularly deals with. In efforts to maintain their high reputation, Costco has programs set up with their international suppliers that benefit them as the buyers and also the suppliers. “The increasing demand for quality goods is such that we can positively affect how those products are sourced and sustained. We continue working to identify items that can be significantly improved in both quality and quantity through basic investment in less-developed countries, with the result that we improve the lives of those involved. For example, Costco works to build programs with our suppliers and nonprofit organizations on the ground in countries that supply several important commodities, such as vanilla from Uganda, cocoa from Cote d’Ivoire and coffee from Rwanda. These programs assist growers with critical needs, such as training in high-yield, sustainable farming, clean water systems, housing, health care and education. The end result is a higher quality product, a fair price for everyone in the supply chain, including the grower, and a more sustainable supply. We don’t consider these purely philanthropic endeavors. They are straightforward strategies for ensuring the fair treatment of our suppliers, while providing our members with the quality products they demand, and at the same time growing our business” (Brotman & Jelineck, 2012)....