If you make or sell physical products, controlling your inventory is an important element for success. You certainly don't want to lose something by growing your feet and walking out the door. You don't want things to be broken, pass their expiration date, or become obsolete while sitting waiting for a sale.
You don't want to have too many or too few items. So you actively manage inventory, put your physical policies, procedures, and control to ensure that your inventory management system supports your organization's goals. You can get a proficient integrated inventory management system from DEAR Systems to build their own workflows on their favorite solutions on the market which integrated with DEAR.
One aspect of inventory management that is often done by the organization is to ensure the accuracy of inventory reported by their inventory management system. Inventory accuracy means that the quantity and location of inventory items reported by the inventory management system match the physical quantity and location of the actual item.
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Why is the accuracy of inventory records so important, and why do you have to spend time and money to ensure accurate records? There are three main reasons, and very good.
- It costs cheaper to keep your records accurate than what is done to operate under your current condition.
- Your customer service will improve.
- You will increase income through better customer service.
This will be charged less for storing accurate records. Record accuracy program, cycle calculation, become part of work. Just like processing orders, picking and packing, and shipping are part of work, cycle calculations are part of work. This is not a separate or additional expenditure, although the initial ranking and training will require small investments.