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.
• Be sure to respond to at least one of your classmates’ posts.