Inventory Accuracy

Inventory Accuracy from Inventory Skills

By: Inventory Skills  16-Apr-2013

Inventory accuracy is a process that requires to invest efforts on proper estimation of inventory that will be required for the smooth flow of production in the company. This skill holds its importance as misleading inventory status may make the company have a wrong idea of extra inventory which would follow up with selling of stocks that is not there or it can also lead to purchasing of extra stocks when there is sufficient available for production resulting to investment in wrong section of inventory.

What a person must know for proper inventory accuracy :

• The Costs of Poor Inventory Accuracy and Inventory Loss
• The Impact of Poor Inventory Accuracy on Company Performance
• The Causes of Poor Inventory Accuracy
• How To Improve Inventory Accuracy
• How To Measure Inventory Accuracy
• How to Reduce Inventory Loss

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