What is perpetual inventory

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Accepted Answer

Perpetual inventory is a system of tracking inventory in real-time, updating quantities with each transaction.

Perpetual inventory provides a continuous and accurate record of inventory levels.
It involves using technology like barcode scanners and inventory management software to track inventory movements.
With perpetual inventory, inventory levels are updated in real-time as goods are bought, sold, or moved.
This system helps businesses maintain optimal inventory levels, reduce stockouts, and improve efficiency.
Examples of perpetual inventory systems include RFID technology, point-of-sale systems, and inventory management software.