1. Two-Bin Inventory System

The Two-Bin Inventory System is an inventory systems that involves having two bins with inventory and replenishing/repurchasing inventory once the first bin has ran out of inventory.

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2. Perpetual Inventory System

A Perpetual Inventory System is an Inventory Counting Systems that keeps track of removals from inventory continuously, thus monitoring current levels of each piece of inventory.

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3. Periodic Inventory System

The periodic inventory counting system makes use of physically counting inventory on periodic intervals.

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4. Inventory Counting Systems

Inventory Counting Systems are used to keep track of inventory and insure minimal loss of inventory while also knowing how much inventory is on hand and when it will be necessary to reorder inventory.

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5. Ordering Cost

The cost of ordering activities when ordering, receiving, and transacting inventory.

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