Page 123 - BA1 Integrated Workbook STUDENT 2018
P. 123
Tools and techniques of operations management
Inventory management systems
Methods of
managing inventory
Continuous Periodic inventory ABC system:
inventory system: (bin) system: managers focus
each addition and inventory is their attention on
withdrawal is checked on a inventory items of
recorded and an regular basis and a high value
automatic order is variable order is (category A) and
placed when placed depending there is little
inventory falls to a on usage during the management
pre-determined level. period. control of
inventory items
that are of low
value (category C).
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