Inventory systems track the flow of raw materials, work in process and finished goods inventory from receipt to sale and shipment. Accountants use different methods of tracking inventory based on the ...

Thanks to sophisticated software systems that even small businesses can use, more companies are moving toward the perpetual inventory system, which keeps real-time track of product levels. The ...

The (s, S) form of the periodic review inventory control system has been claimed theoretically to be the best for the management of items of low and intermittent demand. Various heuristic procedures ...