In his retail store, Jose's point-of-sale software relieves inventory for each item purchased. At any time, Jose can look at the inventory records on his computer and know exactly how many of each item are in stock. This type of inventory system is called
A) cycle counting.
B) perpetual.
C) physical.
D) two-bin.

Question

Quizplus · Accepted Answer

Perpetual inventory systems update inventory levels automatically through the use of technology, such as point-of-sale software, providing real-time inventory tracking. Cycle counting and physical inventory systems both require manual counting or auditing of inventory levels. Two-bin inventory systems involve keeping two bins of inventory and replenishing the second bin when the first bin is empty, which is not the same as perpetual inventory tracking.

In His Retail Store, Jose's Point-Of-Sale Software Relieves Inventory for Each