In this case, there is a wantbook for each
direct account and each major wholesaler.
Items are recorded in the appropriate
wantbook based on the need as indicated
by an order card located on each product,
or a strip of cardboard on the edge of the
shelf. The information on the card or strip
simply indicates the minimum and/or
maximum quantities—the number at which
the item is ordered and the quantity to
order— to bring the inventory to a maximum
level. The selling price and sometimes the
cost, in code, are also included. The items
are ordered at the appropriate time, at
which point the quantities and date of the
order are recorded in the wantbook. When
the order is received, notation is made of
shortages and related information.
Systematic Wantbook Method