Continuous Inventory

Continuous Inventory – the term continuous inventory is a system of keeping track of units of  an item by means of stock records in a certain period of time. Continuous inventory (also called perpetual inventory PIM) records all purchases (additions) and all sales (withdrawals) and records them on cards to keep a running balance. of costs and quantity.  A certain set number of items are counted weekly, or monthly making sure that each time was counted at least once in a year.  At the end of the year the records are adjusted in the event there are any miss matches due to human error, theft or other reasons