Which inventory is performed without a set schedule to confirm item presence?

The correct choice refers to the type of inventory executed without a predetermined schedule, allowing for flexibility and immediate oversight of stock levels. Spot inventories are particularly useful when a sudden need arises to verify the availability of specific items. This can occur due to various factors, such as unexpected demand, stock discrepancies, or quality control issues, where a rapid check is warranted to ensure inventory accuracy.

In contrast, the other types of inventories typically follow a set routine or cycle. Periodic inventories occur at established intervals, often seasonally or quarterly. Annual inventories are conducted once a year, focusing on a comprehensive assessment of all stock on hand. Systematic inventories follow a planned approach and may utilize methods like cycle counting to regularly assess inventory in a structured manner. Spot inventories, however, are characterized by their ad-hoc nature, making them an invaluable tool for maintaining accuracy and preventing stock-outs or overstocks.