Perpetual inventory is a business system that provides real-time tracking of product inventory from the moment goods are received in a warehouse until they are sold to customers. It is considered an innovative approach to inventory management, allowing businesses to check their stock levels on demand, allowing them to instantly see if they have enough product or need to reorder. With perpetual inventory, companies can spot trends earlier and make better decisions about future ordering. This means less downtime due to shortages, fewer overstocks, and greater customer satisfaction. Perpetual inventory is crucial for staying agile amidst a constantly changing landscape – and it’s essential for any business that needs to keep track of its stock.