Describe the perpetual and the periodic inventory systems

Describe the perpetual and the periodic inventory systems

QUESTION 1

Describe the perpetual and the periodic inventory systems. How are they different? Are there circumstances in which one system is better than the other? Include real-life examples. Your initial post should be 200-250 words.

QUESTION 2

Explain how MRP can decrease a company’s inventory while improving its customer service level. Include a real-life example. Your initial post should be 200-250 words.