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Inventory management systems are central to how companies track and control inventories. Having the ability to measure inventory in a timely and accurate manner is critical for having uninterrupted business operations because inventory is often one of the largest current assets on a company's balance sheet. Two inventory management systems exist: perpetual system and periodic system. Each system has its pros and cons, and companies may choose based on their own needs for inventory control and available company resources.

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Last Update: 2016-11-10
Subject: General
Usage Frequency: 1
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Reference: Anonymous

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