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Periodic inventory systems can be used by small stores without advanced technology, as they manually track inventory at intervals. New technology has made inventory management more cost-effective for small producers.
True, periodic inventory systems can be used by some small stores that don't heavily rely on technology. These systems involve manually tracking and updating inventory levels at specific intervals, such as monthly or annually.
For instance, a small local convenience store might physically count their products and update their records periodically without using sophisticated technological tools.
New technology has made it more affordable for small producers to manage their inventories and keep in touch with suppliers, offering them cost-effective solutions to handle their stock efficiently.
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