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 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 »
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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 »
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What is a periodic inventory system?

Inventory is usually the second-largest expense for businesses outside of payroll. Many companies develop inventory systems to accurately value and maintain their on-hand inventory items.FactsA per... Read More »
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What is an inventory management system?

An inventory management system is a computer software package that helps warehouses keep detailed records of their inventory. Systems may keep track of how many products are in stock, alert employe... Read More »
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What is an inventory control system?

An inventory control system is a system that manages an organization's inventory. This includes physical inventory as well as inventory shipped, received, transferred, sold or destroyed. This syste... Read More »
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