![]() Wholesale distributors and large retailers who sell many different products and whose sales volumes are high and manufacturers who track raw materials require regular and automatic views of inventory levels for future purchase cycles, sales trends/opportunities and theft prevention. Who uses the Perpetual Inventory Methodology and Why? It would be impossible to maintain perpetual inventory processes manually if you have high inventory turnover and/or a lot of stock. ![]() Although the definition doesn’t explicitly include the use of technology, software or a perpetual inventory system is typically acquired to conduct this ongoing task. Perpetual inventory management is a methodology where businesses continuously update inventory information as products are bought and sold in real-time. ![]() This type of periodic inventory management is not uncommon nowadays and continues to work for small businesses with low stock levels where it’s feasible for a few people to physically count the inventory.įor other businesses such as distributors, wholesalers or large retailers, perpetual inventory management systems will be a lot more productive than the manual processes of periodic inventory management. Have you ever worked at your local movie theatre, chain restaurant or even a small retail shop when you were a teen? Do you remember having to conduct “inventory counts”? It usually involves either staying past closing or showing up at the crack of dawn to count the products and it needs to be done every couple of months. ![]()
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