3 inventory control systems

happySwan146

Inventory control systems are critical for businesses to maintain efficient operations. There are many different types of inventory control systems, but the three most common are ABC, perpetual, and periodic.ABC (Activity-Based Costing) inventory control systems are designed to track and manage inventory based on the activity level of the product. Perpetual inventory control systems are designed to track inventory continuously, and periodic inventory control systems are designed to track inventory at set intervals.

Pat_allen

There are three basic types of inventory control systems:

Perpetual inventory system: This system involves constantly updating records of inventory levels, based on sales and purchases.
Physical inventory system: This system relies on physically counting inventory levels periodically.
Hybrid inventory system: This system combines aspects of both perpetual and physical inventory systems.

linda_rice

The three inventory control systems are the inventory management system, the computerized inventory system, and the electronic inventory system.