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Definition of

periodic inventory review system

Operations & Production

means of regularly re-ordering inventory a system for placing orders of varying sizes at regular intervals to replenish inventory up to a specified or target level. A periodic inventory review system sets a specific re-order period, but the re-order quantity can vary according to need. The quantity re-ordered is calculated by subtracting existing inventory and on-order inventory from the target level.

Related definitions of "periodic inventory review system"

periodic inventory review system - Related Articles
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  • Banking Transparency and the Robustness of the Banking System

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    The role of disclosure in relation to the stability of the banking system is thus not very clear-cut. Anecdotal historical evidence suggests that banking crises have been rampant even during regimes of increased disclosure. During the deregulated “national banking” era in the United States (1863–1913), banks practiced extensive disclosure, and yet the banking system was routinely paralyzed by periodic panics (Gorton, 1988
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  • Reducing Costs and Improving Efficiency with New Management Information Systems

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Definitions of ’periodic inventory review system’ and meaning of ’periodic inventory review system’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’periodic inventory review system’ and other financial terms with our online QFINANCE Financial Dictionary.

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