What is a period inventory system?

Answer A period, or periodic, inventory system is one of many ways companies keep track of their inventory. While not as up to date as some systems, a periodic inventory can keep bookkeeping efforts to a ... Read More »

Top Q&A For: What is a period inventory system

ABC System of Inventory?

Most companies find their inventory falls under the 20-80 rule. Twenty percent of their inventory accounts for 80 percent of all sales. This creates a need to more accurately monitor the faster-mov... Read More »

What is an inventory system?

An inventory system may refer to how a company tracks its inventory (there are two principal systems), or, may refer simply to the computerized or manual methods by which a company controls its inv... Read More »

How to Develop an Inventory System?

An effective inventory system is an indispensable component of any retail or manufacturing operation. The primary purpose of a retail inventory system is to accurately track large volumes of produc... Read More »

Inventory System Description?

Business owners and managers often create inventory systems to help them manage the various products they sell to consumers. Companies typically have some latitude when creating their system becaus... Read More »