I want to understand why perpetual inventory system is considered superior to the periodic one. What are the advantages that make it a better choice for inventory management?
6
answers
Stefano
Thu Feb 06 2025
The perpetual inventory system operates by maintaining a continuous record of inventory balances.
GeishaMelody
Wed Feb 05 2025
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LitecoinLodestar
Wed Feb 05 2025
It ensures that updates are automatically made whenever a product is received into inventory or sold to a customer.
Federico
Wed Feb 05 2025
This system provides real-time data on inventory levels, aiding in better management and decision-making.
Elena
Wed Feb 05 2025
On the other hand, the periodic inventory system relies on occasional physical counts to assess inventory levels.