I had the opportunity to interview a gentleman by the name of Christopher Tyson. He is the regional manager for Metro PCS in Houston, Texas. Metro PCS is a subsidiary of T-Mobile Communications that provides wireless network services. The company carved its niche by providing pre-paid wireless service without the responsibility of a contract. Metro PCS allows you to talk nationally and internationally while also utilizing texting capabilities and data usage depending on the plan of service. The company offers cell phones, and accessories to accommodate buyers from all walks of life. Mr. Tyson oversees the daily of operation of six stores in the Houston metroplex. He shared with me the accounting system they use which is called HR-Wireless. This system keeps …show more content…
Mr. Tyson went on to say they have always had this accounting system in place. Metro PCS is conducting a periodic inventory management system. According to www.Investopia.com, it is defined as “a method of inventory valuation for financial reporting purposes where a physical count of the inventory is performed at specific intervals. This accounting method takes inventory at the beginning of a period, adds new inventory purchases during the period and deducts ending inventory to derive cost of goods sold.” I think they are using the best system because of the size of each store and the amount of transactions that take place on a day-to-day basis. Christopher Tyson likes the system as well but he did share a big drawback I was not aware of. He said they sell many varieties of accessories with various name brands. An accessory is considering anything other than a cellphone. They sell headphones, sim cards, protective cases, blue tooth speakers, etc. Each accessory can be a different brand. The following illustration will make his point clearer: He said if the system shows the store has ten LG earbuds each time that specific earbud is sold the