What Is a Perpetual Inventory System?

Retail professionals know how vital inventory tracking is to staying profitable. It’s how you ensure that products are available when customers expect them to be. It’s how you prevent loss due to theft. It’s how you know when to order new product, how much product to order, and so much more. Nevertheless, inventory tracking is time-consuming and many retailers continue to use inefficient periodic inventory systems. With periodic inventory systems, you only know what’s going on at specific times, following [...]