Perpetual inventory definition

Perpetual inventory means an ongoing system for recording quantities of drugs received, dispensed, or otherwise distributed by a pharmacy.
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Perpetual inventory means an ongoing system for recording quantities of cannabis oil received, dispensed, or otherwise distributed by a cannabis dispensing facility.
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Perpetual inventory means an ongoing system for recording quantities of drugs received, dispensed or otherwise distributed[, and drugs on hand] by a pharmacy.
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Examples of Perpetual inventory in a sentence

  • PERPETUAL INVENTORY: A daily accounting record of the receipt and usage of USDA Foods, which is updated with each transaction of receipt or usage.


More Definitions of Perpetual inventory

Perpetual inventory. A daily accounting record of the receipt and usage of USDA Foods, which is updated with each transaction of receipt or usage. Perpetual inventory tracks on paper the amount of USDA Foods that should be in physical inventory at any given time and is periodically reconciled with physical inventory.
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Related to Perpetual inventory

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Place of manufacture means the place where an end product is assembled out of components, or otherwise made or processed from raw materials into the finished product that is to be provided to the Government. If a product is disassembled and reassembled, the place of reassembly is not the place of manufacture.