How would inventory be managed differently at a coffee shop as compared to a clothes retailer? Provide examples.© BrainMass Inc. brainmass.com March 21, 2019, 11:02 pm ad1c9bdddf
There are major differences in the two businesses:
1. A coffee shop must produce the product they sell. A retailer buys a finished product and resells it.
2. A coffee shop has to deal with a perishable product in a much closer time frame than a retailer.
Similarities in the two businesses:
1. If a coffee shop sells prepackaged coffee which they had purchased, then they are more like a clothing retailer for that portion of their business.
2. Both must account for inventory and cost of goods sold. That includes selection of a method, ...
This solution compares and contrasts inventory management at a coffee shop vs. at a clothes retailer.