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 perpetual inventory system has several advantages over a periodic system for businesses of all sizes. In a business using the periodic inventory method, purchases are recorded throughout the year ...

This is a preview. Log in through your library . Abstract We consider a system in which an order is placed every T periods to bring the inventory position up to the base stock S. We accept demand ...