Which inventory method requires the least amount of technology?

The Physical Inventory Method is known for requiring less technological involvement compared to the other methods. This method involves physically counting inventory items at a specific point in time, which can often be performed with simple tools such as counting sheets and manual tallying, requiring minimal technological support.

In contrast, the Identified Cost Method tracks the specific cost of each inventory item and requires a more complex system to maintain accurate records of costs for each unit sold or remaining in inventory. The Perpetual Inventory Method continuously updates inventory records as transactions occur, necessitating advanced technology and systems to manage real-time data and track stock levels. The FIFO (First-In, First-Out) Method, while simpler than the perpetual system, still generally requires a structured approach to ensure that inventory costs are accurately calculated based on the order of acquisition and sale, which can be facilitated by software.

Because the Physical Inventory Method relies on manual counting rather than continuous tracking or complex cost allocation, it stands out as the method that requires the least amount of technology.