::: vuaskari.com ::: Re: {VU Finance} MGT613 another query...plz any one reply

Perpetual system of inventory management is also known as which of the

following?

􀀀 First-in-first-out

􀀀 Probability model

► Fixed-order quantity

􀀀 Periodic review

Ref: https://docs.google.com/viewer?a=v&q=cache:f3c0XZx-eZkJ:www.cwu.edu/~bayazito/advanceinv.doc+Perpetual+system+of+inventory+management+is+also+known+First-in-first-out+%E2%96%BA+Probability+model+%E2%96%BA+Fixed-order+quantity+%E2%96%BA+Periodic+review+as&hl=en&pid=bl&srcid=ADGEEShqUcXaVChKFvmkej_jka4VD27yaKzbfZfzk4WAebcVw2ejTN1u-T-WGHEUIUq4NGmo6t_ezOp1pZrQ-0fQsRDMY2k5a1P5e-aCiswv4GfNoJGuPJ7NYFgfFohz64ofwoxzj6Zo&sig=AHIEtbTMdUCcxoZuq3IMqXUFxcIBQGdsgg (See the Question No. 07)

OR                                 

A perpetual inventory system (also known as a continual system) keeps track of removals from inventory on a continuous basis. When the amount on hand reaches a predefined minimum, a fixed quantity, Q, is ordered. The system provides continuous monitoring of inventory withdraws and the setting of optimal order quantity. http://mcu.edu.tw/~ychen/op_mgm/notes/inventory.html

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