Perpetual Inventory System |
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A Perpetual Inventory System is an Inventory Counting Systems that keeps track of removals from inventory continuously, thus monitoring current levels of each piece of inventory.
Often times the Perpetual Inventory System is less accurate then the Periodic Inventory System because items can go missing. The Perpetual Inventory System is, however, usually less costly and time consuming then a Periodic Inventory System since you are perpetually keeping tracking of inventory. |
