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How to Maintain Inventory Accuracy
inventory is the physical supplies you sell or use to provide services as part of your business. Your inventory is one of your most valuable assets, and keeping track of it accurately is essential to running your business smoothly. Whether you use an electronic inventory tracking system or do everything yourself manually, maintaining accurate inventory records will contribute to your business’ success. Note that a discussion of inventory can refer to the tangible goods your business has on hand, or it can refer to the accounting values for inventory.
Inventory management in Warehouse
1)Cycle count
2) Physical verification and tallying system vs physical
3) Bin location updation and accuracy maintaining
4) SKU wise categorizing and segregation
5) Proper bar-coding of stocks
6) Monitoring of flow of goods ( outbound and inbound )
7)Inventory counts and updates
8) Periodic Inventory adjustments
