Since the perpetual system is easier most business owners prefer it over periodic inventory systems.
Package inventory system.
Meanwhile a periodic inventory system is a non continuous manual process for tracking sales.
An inventory management system s.
Inventory software is necessary to enable a true dynamic inventory system where stock levels are updated continuously as sales are made and goods are received.
Inventory software makes it easy for businesses from offices to stores to warehouses to track products tools and assets.
While you can track inventory in excel spreadsheets only work for periodic inventory counts i e the inventory system is only updated at intervals say after physical stock counts.
Manage all phases of business in real time across your company with powerful easy to use features for inventory management purchasing customers warehousing barcoding landed cost lot and serial number traceability more.
However to use a perpetual system you ll need some sort of inventory management software.
Top 7 free inventory management software for.
Many small businesses however find the free versions sufficient for their needs.