What is perpetual inventory in SAP SBO - SAP Business One?

SAP Term: perpetual inventory

• Component: SBO

• Component Name: SAP Business One

• Description: Automatic procedure in a warehouse whereby an instant record of the available stock count is kept, both during picks and putaways. &EXAMPLE& Moving Average Standard Price Standard Price

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• Key Concepts: 
  Perpetual inventory is a feature of SAP Business One (SBO) that allows businesses to track their inventory in real-time. It is a continuous process that records all inventory transactions, such as purchases, sales, and transfers, and updates the inventory balance accordingly. This helps businesses to maintain accurate records of their stock levels and ensure that they are always up-to-date.
  
  How to use it: 
  In order to use perpetual inventory, businesses must first set up the system in SAP Business One. This includes setting up the inventory items, defining the units of measure, and setting up the warehouses. Once this is done, businesses can then start tracking their inventory transactions in real-time. This includes recording purchases, sales, and transfers of inventory items. The system will then automatically update the inventory balance accordingly.
  
  Tips & Tricks: 
  It is important to ensure that all inventory transactions are accurately recorded in order for perpetual inventory to be effective. It is also important to regularly review the inventory balance to ensure that it is accurate and up-to-date. Additionally, businesses should consider setting up an automated system for tracking their inventory transactions in order to save time and reduce errors.
  
  Related Information: 
  For more information on perpetual inventory and how to set it up in SAP Business One, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_BUSINESS_ONE/9.3/en-US/f8d7f2b7a6c14e8a9f3d2b5f1e4d7c2a.html