Final answer:
Another name for the 'P-system' of inventory is the 'periodic review system' or 'fixed-interval order system,' where inventory is reviewed at fixed intervals and restocked to desired levels.
Step-by-step explanation:
The P-system of inventory is also known as the periodic review system or fixed-interval order system. This system is one where inventory levels are checked at fixed intervals and orders are placed to replenish the inventory up to a desired level.
Typically, the quantity ordered varies depending on the current inventory level and projected demand until the next review. The P-system aims to balance inventory holding costs with the costs associated with ordering and stockouts.