PERPETUAL INVENTORY SYSTEM

Shri Ramdeobaba College of Engineering and Management

NAME : NILESH TIWARI-72 ; RISHI LAL-79 COURSE NAME : MATERIAL MANAGEMENT
COURSE COORDINATOR : PRIYA
1. INTRODUCTION 3.EXAMPLES 5. PROBLEMS
A perpetual inventory system is based on an Inventory 'Mis' Management
accounting method known as perpetual ➢ Nordstrom had for long been criticized
inventory, which continuously records by industry observers for not focusing
inventory changes in real time with enough on its inventory
computerized point-of-sale systems, thereby management/merchandising practices.
removing the need for physical inventory
➢careful enough to understand the
checks
changing dynamics of the retailing
industry.
2. WORKING 6. SOLUTION
Step 1: Point-of-sale system updates ➢Nordstrom made its first move towards
inventory levels modernizing its inventory management
practices in the form of a new Windows
Step 2: Cost of goods sold is updated NT based inventory management system,
automatically launched in November 1993.

Step 3: Reorder points are adjusted 4. CASE STUDY BASED ON NORDSTROMED DEPARTMENT STORE CHAIN
frequently Nordstrom, Inc. is an American luxury department store chain headquartered in Seattle,
Washington, and founded by John W. Nordstrom and Carl F. Wallin in 1901. The original
Step 4: Purchase orders are automatically Wallin & Nordstrom store operated exclusively as a shoe store, and a second Nordstrom's
generated shoe store opened in 1923.

Step 5: Received products are scanned into

inventory

RESEARCH POSTER PRESENTATION DESIGN © 2019

www.PosterPresentations.com