Which system should be used to maintain real-time tracking of merchandise sales and receipts?

The correct answer reflects the need for an inventory management approach that provides continuous and real-time updates on merchandise sales and receipts. The perpetual book inventory system is designed to record every transaction as it occurs, which allows for immediate access to current stock levels and sales data. This real-time tracking ensures that inventory levels reflect actual sales, helping retailers make informed decisions about restocking, sales strategies, and financial forecasting.

The value of using a perpetual book inventory system lies in its ability to maintain accurate records, reduce the risk of stockouts or overstock situations, and enhance operational efficiency. It can be integrated with point-of-sale systems, enabling easy updates and minimizing discrepancies between recorded and actual inventory.

In contrast, other systems like static and manual inventory methods do not provide the ongoing transparency needed for immediate decision-making. Static inventory systems typically involve fixed data that doesn’t adjust in real-time, while periodic inventory systems assess stock at intervals, leading to outdated information during non-assessment periods. Manual systems can be prone to human error and are often slower in updating present stock levels. Therefore, the perpetual book inventory system optimally meets the requirement for real-time tracking in a merchandising context.