The periodic inventory system is a method of inventory valuation in which a physical count of inventory is performed at specific intervals.

In addition to choosing an inventory accounting method, accountants must choose whether to use a perpetual or periodic inventory system.

A perpetual inventory system records changes in inventory in real time. The perpetual inventory system has several advantages over a periodic system for businesses of all sizes.

The (s, S) form of the periodic review inventory control system has been claimed theoretically to be the best for the management of items of low and intermittent demand. Various heuristic procedures ...