Asked by Michelle Bradley on Jun 11, 2024
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To continuously monitor the amounts and locations of their stocks,perpetual inventory systems typically use computers.
Perpetual Inventory Systems
are accounting methods where inventory records are updated immediately whenever a transaction happens, providing real-time inventory levels.
Computers
Electronic devices capable of processing information according to a set of instructions called programs.
Stocks
Financial instruments representing ownership shares in a company, allowing investors a claim on part of the company's profits.
- Understand the critical role that inventory management systems, including JIT systems, play in diminishing waste and boosting efficiency.
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Learning Objectives
- Understand the critical role that inventory management systems, including JIT systems, play in diminishing waste and boosting efficiency.
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