Perpectual Inventory System
This system is also known as ‘Automatic Inventory System” This system is an important aid to material control. Its main object is to make available details about the quantity and value of stock of each item at all times. It provides a rigid control over stock of raw materials.It consists of mainiaining records for each type of material showing the quantities and value of material received, issued Bnd in stock. It also covering continuous stock taking.