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Explain When It Is Better to Use the Continuous Inventory

question 36

Essay

Explain when it is better to use the continuous inventory system and when it is better to use the periodic inventory system.Discuss how the ABC classification system provides guidance in selecting one versus the other.


Definitions:

Process-Related

Pertaining to the methods, procedures, or steps followed to achieve a particular goal or outcome.

Task-Related

Pertaining to or involving the specific duties, actions, or responsibilities associated with a job or activity.

Maintenance-Related

Activities or tasks undertaken to preserve or keep something in optimal condition or working order.

Team's Current Stage

The present phase of development or progress in a team's lifecycle, such as forming, storming, norming, performing, or adjourning.

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