Meaning of “continuous inventory” in the English Dictionary


"continuous inventory" in Business English

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continuous inventorynoun [ C or U ]

uk us plural continuous inventories also perpetual inventory

ACCOUNTING a system of regularly checking information on the quantity and type of goods that a company has available to sell:

In the continuous inventory procedure, stocks are counted continuously throughout the entire fiscal year.

(Definition of “continuous inventory” from the Cambridge Business English Dictionary © Cambridge University Press)