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Retail floor planning (also referred to as floorplanning or inventory financing) is a type of short term loan used by retailers to purchase high-cost inventory such as automobiles. These loans are often secured by the inventory purchased as collateral. [1] Floor planning is commonly used in new and used car dealerships. [2]
Inventory planning involves using forecasting techniques to estimate the inventory required to meet consumer demand. [ 1 ] [ 2 ] [ 3 ] The process uses data from customer demand patterns, market trends , supply patterns, and historical sales to generate a demand plan that predicts product needs over a specified period.
Free plan, in the architecture world, refers to the ability to have a floor plan with non-load bearing walls and floors by creating a structural system that holds the weight of the building by ways of an interior skeleton of load bearing columns. The building system carries only its columns, or skeleton, and each corresponding ceiling.
Inventory management also involves risk which varies depending upon a firm's position in the distribution channel. Some typical measures of inventory exposure [definition needed] are width of commitment [definition needed], time of duration [definition needed] and depth [definition needed]. [20]
Floor plans use standard symbols to indicate features such as doors. This symbol shows the location of the door in a wall and which way the door opens. A floor plan is not a top view or bird's-eye view; it is a measured drawing to scale of the layout of a floor in a building.
Inventories and orders (inventory control) Purchasing management; Material requirements planning (MRP) Shop floor control (SFC) Capacity planning or capacity requirements planning (CRP) Standard costing (cost control) and frequently also Actual or FIFO costing, and Weighted Average costing. Cost reporting / management (cost control)
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