Poor Inventory Accuracy and How to Effectively Correct it
- On 01/04/2019
Poor inventory accuracy can wreak havoc on operations and financial accounting. Organizations often make up for inaccurate inventory by purchasing or manufacturing more stock than is necessary. The implications of ineffective inventory management practices can include low customer order fill rates, backorders, long lead times, work stoppages, underutilized labor, frequent wall-to-wall physical inventory counting, inaccurate […]
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