Which stock control system is a computerized system that automatically keeps a running balance of stock levels and reorders as necessary?

Which stock control system is a computerized system that automatically keeps a running balance of stock levels and reorders as necessary?

• A. Just-in-case (JIC)
• B. Electronic point of sale (EPOS)
• C. Just-in-time (JIT)
• D. Reorder quantity

Answer: (B)

Real-time inventory management through sales data is the key idea. An electronic point of sale system links every sale to the inventory records, so stock levels are updated automatically as items are scanned. It can be set to monitor these levels and trigger an automatic reordering when stock falls to a chosen point, ensuring replenishment happens without manual intervention. This automatic, ongoing balance and reorder capability is what distinguishes this system from others: just-in-case relies on larger buffer stock and isn’t necessarily automatic; just-in-time focuses on minimizing stock and coordinating timing with suppliers rather than maintaining a continuous automated balance; and reorder quantity is simply a calculation, not a full computerized stock control system.

Real-time inventory management through sales data is the key idea. An electronic point of sale system links every sale to the inventory records, so stock levels are updated automatically as items are scanned. It can be set to monitor these levels and trigger an automatic reordering when stock falls to a chosen point, ensuring replenishment happens without manual intervention. This automatic, ongoing balance and reorder capability is what distinguishes this system from others: just-in-case relies on larger buffer stock and isn’t necessarily automatic; just-in-time focuses on minimizing stock and coordinating timing with suppliers rather than maintaining a continuous automated balance; and reorder quantity is simply a calculation, not a full computerized stock control system.