Inventory Accuracy
Inventory Management
Inventory Accuracy
Degree to which system inventory records match the actual physical quantity and location.
Examples
- 01Inventory accuracy in the warehouse is 97 %: in 97 of 100 checked locations, the quantity and the part number match the system.
- 02The warehouse review shows inventory accuracy by zone, and the returns area scores only 88 % because items are put away without scanning.
- 03As inventory accuracy rises above 99 %, planners trust the stock data again and stop keeping their own 'hidden' safety stock.