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perpetual inventory
per·pet·u·al in·ven·to·ry


noun 
Definition:
 
ongoing record of inventory cost: a record of the cost of each item in inventory, involving constant checks on stock levels, or the system of keeping such a record
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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