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BOB solutions reduce the complexity of the software architecture.
Physical Inventory Count
An assessment method where a business physically counts its entire inventory to verify stock records and accounts.
Perpetual Inventory System
An inventory management method where updates to inventory records are made in real-time following each receipt or sale of inventory items.
Periodic Inventory System
An inventory accounting system where the inventory is updated in the accounting records periodically, typically at the end of an accounting period, rather than after each transaction.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including material and labor expenses.
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