Perpetual inventory, also known as continuous inventory, is a system in which inventory quantity and availability is updated on a continuous basis. This provides up-to-date records that accurately reflect the level of goods on hand. Perpetual inventory systems can interface with existing warehouse systems to ensure that an accurate running balance of inventory is reported even when materials are moved.
Field repair technicians must have an accurate accounting of the inventory in their vehicles so that they have the replacement parts needed for repairs. Perpetual inventory systems track all inventory moved from the warehouse to vehicles and enables technicians to confirm they have the required parts for their service calls.
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