Perpetual Inventory System

A perpetual inventory system tracks inventory levels in real-time. Instead of checking stock levels at the end of a period, it continuously updates inventory records with each purchase and sale. This helps businesses know exactly how much product is on hand at any moment. The system relies on technology, like barcode scanners and inventory management software, to ensure accuracy. This approach allows for better stock management, reduces the risk of overstock or stockouts, and provides detailed financial insights, helping businesses make informed decisions about purchasing and sales.