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Define the periodic inventory control systems.
Periodic (or bin) Inventory Control Systems:
Stock levels are reviewed at pre-found intervals of time and an order is positioned. Orders are made onto a scheduled origin but the reorder level could be for a variable or standard quantity every time.
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Problem on ABC Analysis of Inventory: The ABC Analysis of Inventory divides inventory into three classes: Class A - high annual dollar volume Class B - medium annual doll
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