Fixed order interval inventory control systems require a review of perpetual inventory records.

Question

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Fixed order interval inventory control systems involve placing orders for a fixed quantity of inventory at set intervals, but to determine when an order needs to be placed, a review of perpetual inventory records is necessary. Perpetual inventory records are continuously updated records of inventory levels and can indicate when inventory levels have reached a designated reorder point.

Fixed Order Interval Inventory Control Systems Require a Review of Perpetual