The following video is an extract from a recent webcast on inventory accuracy and Why it Matters. Here Phillip Slater discusses two different definitions of inventory accuracy.
Understanding that, from an inventory management perspective, we need to be concerned with accuracy at an individual item level tells us that to maintain an accurate inventory companies need to be manage the data at an item level. This includes the quantity, stock code, and unit of measure for all inventory transactions.
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Posted by: Phillip Slater