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Which of the following statements concerning differences between continuous review (Q systems) and periodic review (P systems) inventory systems is FALSE?
Multiple Choice
P systems require a perpetual inventory count, while Q systems require a periodic inventory counting system.
In periodic review systems, orders are placed after an elapsed period, P, has passed, for a variable quantity of units.
In continuous review systems, orders are placed for a fixed quantity of goods after a variable length of time has passed.
Higher than normal demand during the order cycle leads to a shorter time between orders for Q systems, while in P systems it leads to larger order sizes.

Sagot :

Option (a) is required answer as the P (periodic inventory) system and Q (continuous review) systems both require perpetual inventory counts

What is difference between Q system and P systems?

Periodic inventory is a relatively straightforward technique: manually counting each item in the warehouse or store. That continues to be a challenging issue for many organizations. There could be hundreds of lipsticks, aspirin bottles, and candy bars in a medium-sized drugstore.

Many stores pay a professional inventory company to come in and make the counts. The management places orders to fulfill the anticipated demand if the inventory count indicates, for example, that the store has too few toothpaste tubes for the upcoming month.

Quantities are continuously tracked via continuous inventory, and when they drop below a threshold, the store orders more.

It is exceedingly difficult and time-consuming to continuously track inventory by physical counts unless the quantity of things is very small, hence periodic inventory must be done using computers.

For instance, a big-box retailer may be able to track the number of flat-screen TVs it has, but not the quantity of soft drink cans.

The claim that Q systems require a periodic inventory counting mechanism while P systems demand a permanent inventory count is untrue.

Actually, the P (periodic inventory) system and Q (continuous review) systems both require perpetual inventory counts.

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