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MRP glossary TOP > Inventory Control > Book Stocktaking

Book Stocktaking

It is a method by which the inventory quantity on the ledger sheet is obtained by only calculation based on the inventory label or inventory book where the quantity and unit cost are recorded whenever items are entered or taken from a warehouse. In contrast, the method to check that by physically counting the inventory quantity is called Physical Inventory Counts.


Related term: Stocktaking
Antonyms: Physical Inventory Counts

Reference:JIT Business Research Mr. Hirano Hiroyuki

Book Inventory | Inventory Control | Constructive Issue