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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 ​regularlycheckinginformation on the ​quantity and ​type of ​goods that a ​company has ​available to ​sell: In the continuous ​inventoryprocedure, ​stocks are counted continuously throughout the entire ​fiscalyear.
(Definition of continuous inventory from the Cambridge Business English Dictionary © Cambridge University Press)
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