What is perpetual inventory?
A perpetual inventory in logistics belongs to the simplified inventory procedures and thus brings many advantages. It is also referred to as perpetual inventory. This type of inventory allows both the warehouse keeper and the depositors to keep a constant overview of the stored goods.
However, some requirements must be met for perpetual inventory:
- Obligation to keep stock book
- Data in the stock ledger must always be up to date
- Each inflow and outflow must be listed individually
- All receipts must be kept
What is the process of a perpetual inventory?
Before a permanent inventory is even possible, the exact inventory of a warehouse must first be determined. This is usually done by counting, weighing and measuring all stored goods. This first inventory is then the start date for the perpetual inventory. From this point on, every single receipt and issue of goods from the warehouse must be documented.