What Is Perpetual Inventory?
Perpetual inventory is a system of keeping track of inventory levels on a continuous basis, using electronic systems such as barcode scanning or RFID technology. It allows businesses to have up-to-date information on inventory levels, as well as the ability to track sales and monitor stock levels. The system is particularly useful for businesses with high volumes of inventory and those that need to track inventory in real-time, allowing for better inventory management and reducing the risk of stockouts or overstocking.