OpenERP Periodical Inventory term

You are usually legally required to do a stock check of all your products
at least once a year. As well as doing a complete annual stock check,
OpenERP also supports the method of periodical inventory.
That means you can check the stock levels of a proportion of your products
every so often. This system is accepted in France as long as you can
guarantee that all of your products have been counted at least once per
year.

To see the last inventory count per product, use the report Warehouse
→ Reporting → Last Product Inventories.
You can do this the same way for all products and all locations, so you only
carry out small inventory operations through the year, rather than a single
large stock check at one point in the year (which usually turns out to be at
an inconvenient time).

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