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What does API stand for?

API stands for Annual Physical Inventory

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

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Other Resources:
We have 629 other meanings of API in our Acronym Attic

Samples in periodicals archive:

In addition, when WJC reconciles the annual physical inventory to its perpetual inventory records, it should verify that all required information is listed for its fixed assets and update all listings with missing information.
For instance, the annual physical inventory verification of the Wylfa magnox reactor in north Wales revealed "the absence of an irradiated fuel element.
Accuracy of inventory counts is now up to a level where the division has been able to replace an annual physical inventory with a cycle-counting system.