This event is one of the most reliable scorecards for measuring the effectiveness of your business processes. The difference between expected and actual value is an indicator of how well staff and inventory systems perform. Whether the issues found are incorrect units of measure, bad product not returned to the vendor correctly or simple under or over consumption based on inaccurate bills of material, investigating and correcting errors will improve the bottom line.
View our video to learn more about the achieving the benefits of physical inventory.
Accurate Count and Cost Efficiently verify the physical inventory data matches the financial and materials results from the perpetual inventory transactions.
Reduce Risk Efficient physical inventory ensures operations are quickly restarted, limiting delays in customer service.
Promote Quality Goals Use the efficient physical inventory results to target actions for improvement tasks.
Shared Data Physical inventory results are shared across functions and roles for timely and accurate decision making.