Description of inventory system

Anonymous

∙ 11y ago

Updated: 8/17/2019

Tracking systems that tell you the quantity of supplies, raw materials, or final products you have on hand are called inventory systems. When items are sold or used it is automatically updated.

Wiki User

∙ 11y ago

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History of inventory system?

The history of inventory systems depends on the type of inventory system being discussed. There are two main types of inventory systems, the perpetual inventory system and the periodic inventory system.

What is NEPA inventory system?

nepa inventory system

Discuss the features of computer based inventory system?

COMPUTER BASED INVENTORY SYSTEM COMPUTER BASED INVENTORY SYSTEM

What is merchandise inventory system?

Merchandise inventory:

How do you ask questions regarding inventory system?

what are the possible questions for inventory system?

What methods do not require a physical inventory periodic inventory system perpetual inventory method retail method or gross profit method?

periodic inventory system

What are the disadvantages of a periodic inventory system?

The perpetual inventory system is more complicated, requires more accounting entries and is more costly the periodic inventory system does.

What are the disadvantages of periodic inventory system?

The perpetual inventory system is more complicated, requires more accounting entries and is more costly the periodic inventory system does.

What is the Organizational objective of inventory system?

Organizational objective is predetermined, which activities are aimed. Description of organizational objective is general and qualitative. For examples: To earn a profit of 24% in 2011.

How is IT useful in Inventory control system?

to practice he/she's knowledge how to use the inventory system

An account used in the perpetual inventory system that is not used in the periodic inventory system is?

Purchases

How do you make dfd for laboratory inventory system?

how to make dfd for laboratory inventory system

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