The counting of physical stock and the reconciliation of the actual stock quantity against the book quantity. Most systems use perpetual counts, keeping accurate records of receipts, issues and returns, so that the book quantity and the quantity of physical stock are more likely to coincide.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.