How much does poor inventory accuracy cost? Companies can choose from a variety of inventory quality programs such as ISO, lean manufacturing, Six Sigma, kaizen, and Total Quality Management. Want to calculate your inventory accuracy? 5. Get tips on how to improve the speed and accuracy of your inventory counts. If even one of these items is found to be incorrect, then the entire item tested should be flagged as incorrect. Without a total replacement, how can you incrementally improve systems and processes? The lack of investment in the tools, training, and work place standards on the production floor are all root-causes of an inability to sustain inventory accuracy. The more you cycle count, the higher your inventory accuracy levels increase. If you're currently working with manual processes, your first strategy to improve accuracy is to minimize the amount of times you touch a product. Unlike financial accounting classifications, warehouse classifications should be clear and labelled relevant to the specific inventory items, ... 9 Strategies to Improve Inventory Management. Whether or not you find the culprit, you’ll need to update your inventory records. It’s also difficult to analyze how to improve accuracy and timeliness. Rather, the total cost includes: Obscene inventory costs result from order too much inventory. RFID scanners also increase the amount of data companies have access to. In short, this made inventory management especially difficult. Factors that affect inventory accuracy. What are the Advantages of Lot Batch Number Tracking? Factors that affect inventory accuracy. #How can ERP system improve inventory accuracy? It is affordable and accurate when used properly. Accuracy begins at the receiving dock. How to improve inventory record accuracy December 17, 2020 / Steven Bragg. Today, most companies use mobile scanners. Take Stock of Your Current Inventory Accuracy Situation. According to observers, the future of inventory counting is RFID. Get On Top of Your Inventory Accuracy Get On Top of Your Inventory Accuracy: Any distributor making replenishment calculations needs an accurate electronic inventory reference because, simply put, the electronic system data is the theoretical balance in stock and it is … The sales pipeline is a critical input into all types of demand forecasting process, as it informs the business of new customer wins and potential drivers to short term demand. Using cycle counting to maintain high levels of accuracy is one of the best ways to identify problem areas. Once you have the correct figures, conduct an investigation to find the cause of your shrinkage. What is your current inventory accuracy rate? Conduct an inventory reconciliation exercise. Inventory accuracy is one of the keys to an efficient and effective supply chain. In our guide to improving inventory accuracy, you’ll find: BONUS: Before you read further, download our Inventory Management Software Whitepaper to see how Logiwa uses real-time tracking to help customers get up to 100% inventory accuracy and increase shipments by 2.5x. Making sure that you know exactly what it is you have and where it’s located is critical to shipping orders on time and efficiently. Many inventory issues stem from data and transmission failures. The director of distribution didn’t miss a beat. Top Tips for Optimizing Inventory Accuracy 1. Select technology that fits your needs. Schedule your free WMS demo of Logiwa today. Increasing Inventory Accuracy - 6 Key Tips. Inventory accuracy is vitally important; the challenge lies in achieving it. A high level of inventory record accuracy calls for a great deal of effort to develop and maintain a perpetual inventory system. Consider the following when selecting a POS technology for your inventory management: Checking and maintaining inventory accuracy is a non-negotiable part of running a business. If you wait to solve your inventory issues at the time of the physical count, you are simply addressing the symptoms of poor inventory management. Companies can increase their inventory accuracy by implementing a more rigid receipts process that will catch inaccuracies before they reach the warehouse. Sometimes, inventory inaccuracy occurs due to innocent human errors. If an online beauty retailer needs olive oil for its organic soap line, total cost isn’t equal to the price of the olive oil. Today, it’s around 10 cents. If … Let’s discuss some ways to improve inventory accuracy. Inventory should be easily located with signage, rack labels and other warehouse labels, and products should be readily identifiable. The necessary steps are: Select and install inventory tracking software. Try Custom Kitting. If workers understand the company's inventory goals, they will help accomplish them by performing processes accurately and consistently. In fact, some organizations simply do not measure their inventory properly. Making sure that you know exactly what it is you have and where it’s located is … Cycle Counting. Inventory accuracy isn’t something that happens because you check on it once a year or once a quarter. What is a Lot Number? The planning team needs to know about new wins in order to forecast future sales for the business. To guide your company in the right direction, Mike Honious, vice president of engineering, Ozburn-Hessey Logistics, shares 10 practical ways to improve inventory accuracy. Also, hone your forecasting skills and help business partners, vendors, and customers do so as well. Cycle counting involves counting some of your inventory every day. Comparing the actual inventory count to Bloomingdale’s inventory management system over the 13-week period, the researchers found that inventory accuracy declined by 3.13 percent in the RFID-enabled test store and 4.24 percent in the control store. Effective application of demand sensing can help reduce short-term forecast errors by up to 40 to 50 percent and increase inventory accuracy by up to 15 to 20 percent. Establish good inventory naming and labeling practices. Maintain inventory in a well-organized warehouse. 10. Some retailers conduct counts over several days by paying employees overtime to work off-hours. “We place our best team members on the receiving dock – this is the first line of defense to ensure inventory accuracy… Prioritize inventory accuracy by: When Logiwa customers integrate all of their sales channels, 100% inventory accuracy is within their reach. Hire Professional Help: If you’ve struggled to maintain proper inventory control or improve inventory accuracy in the past, chances are that you simply don’t have the personnel or the right tools to manage this process internally.If that’s the case, you are certainly not alone. Inaccurate inventory reporting can result in lost sales. How many pieces of equipment do you have available? According to Forbes, the price of an RFID tag was about $1 in 2003. a mixture of supplier-to-store and direct-to-consumer pipelines within the same business) and the falling price of RFID technology attracts more and more companies. Duplicate these successes and share improvement strategies so all areas of the organization can benefit. Employing 100% physical inventory counts and cycle counts will ensure that you can ship your customers what they want when they want it - and spend as little money as possible getting that done . During this review, identify any trends and patterns in your warehouse process flows. Reader’s Choice: Top 10 3PL Excellence Awards. Learn how Logiwa integrates all your sales channels and provides real-time inventory tracking. Inventory count frequency—consider the business case for increasing the frequency of inventory counts for stores and for certain categories to restore accuracy and to recover lost sales. Include your entire inventory pipeline—inbound and outbound shipments as well as inventory in the DC. And this is why you need the help of a medical inventory system. Keep your measures simple and manage them every day. Inventory accuracy is one of the most important aspects of supply chain management. Incorrect or lost inventory can result in missed sales, incorrect purchasing decisions and poor customer relations. 3. Choose supply chain partners who offer systems that interface with your inventory system. metals), An overload of data that may be difficult to manage, especially for companies with limited data management talent within their workforce, Incompatibility in RFID technology across multiple geographies, which can be a problem for companies that operate internationally, It’s a redundant method (print Excel sheet, record inventory manually, enter count back into Excel), The information can only be accessed by one person at a time, reconciling your physical count against your electronic records, purchasing the technology that will make inventory management more efficient. Inventory accuracy formula ‍ How to improve your inventory accuracy? If you know how to improve inventory accuracy, you can get a lot of benefits by doing that. Maintain an efficient and well-defined warehouse; Before procuring raw materials or other goods in your warehouse, make sure that you plan and strategize it appropriately. How close do  your inventory records and your actual physical inventory match up? For this reason, you should make sure that all members of the sales team document their pipeline in a consistent … Everything in its Place What are some ways you can increase inventory accuracy related to order picking? Inventory accuracy is a vital measurement of the efficiency and reliability of any warehouse. How to Improve Inventory Accuracy 1. In this way, you avoid stockouts without incurring enormous carrying costs due to excess inventory. Improves customer satisfaction by providing consumers with adequate inventory, ensuring accuracy of customer orders, and by offering the quickest service possible when fulfilling orders. While the strategies above can improve picking accuracy, they’re only as effective as the foundation they’re built upon: accurate inventory data. . While excess goods can lead to blocked capital and storage cost, stock-out can lead to unsatisfied customers. Once you have your inventory accuracy, set a target. By making a strategic investment in inventory processes, best practices, and warehouse technology, your business can enjoy these benefits. A simple but effective inventory control and planning solution with a reorder point inventory management feature can considerably improve the accuracy of your inventory. This will help you: Essentially, you want employees to take specific steps every time they move inventory since these are the instances in which inventory goes missing. Whatever your beliefs are about your operational efficiency, unless backed by data, they’re probably wrong. Accuracy begins at the receiving dock. Inventory is a central theme of Lean Manufacturing, Lean Warehousing and Lean operations and here we explain how Inventory Accuracy fits into these Operations Strategies. Inventory accuracy is one of the most important aspects of supply chain management. What is your current inventory accuracy, and how do you assess it? Create and measure a "perfect order" metric from point of origin to final destination. For a company to have smooth operations from receiving goods from suppliers to delivering orders to customers, inventory management processes should be optimized. Rather than counting all of your inventory, you check specific items and use that cycle count accuracy as an indicator of your overall inventory accuracy. All of these factors translate directly to the bottom line, to the profit of the company. 1. These tips will improve the accuracy of your next physical count. Don't Let Your Inventory Become a Liability: Poor inventory accuracy leads to a host of issues that cut into your margins. Inaccurate inventory impacts the ability to deliver customers their parts, borrow money for capital and raw material needs, and produce profits. A high level of inventory record accuracy calls for a great deal of effort to develop and maintain a perpetual inventory system. One report puts the average inventory accuracy rate in the United States at 65%. If you know how to improve inventory accuracy, you can get a lot of benefits by doing that. Ruthie is a content marketing consultant for Logiwa. Working with capable supply chain partners and using compatible systems helps improve end-user delivery accuracy and customer service. Establish product traceability during the distribution life cycle. First, your company has to know where it stands with its daily... Assess Your Standard Operating Procedure for Inventory Control. 4. 9. . After answering all 10 questions, right or wrong, the diagnosis of your inventory health sets your company up for significant opportunities to improve expense and asset effectiveness and creates potential for capturing missed top-line sales. If you can, be sure to count your B and C group products regularly, too, at least once a quarter if possible. Beacons - Implement beacons in your warehouse, as Bluetooth enabled inventory and asset tracking tags are a cost-effective solution to improve operational efficiency. For example, if you physically counted 150 product units, and your records say you have 160, you would calculate the accuracy like this: First, your company has to know where it stands with its daily operations. Incorrect or lost inventory can result in missed sales, incorrect purchasing decisions and poor customer relations. So, poor inventory accuracy cuts into your bottomline. An effective system will increase inventory accuracy, while reducing cycle times and handling costs. Optimize your warehouse while increasing your profit. Compare your count to your records. For inventory accuracy the data and the product have to move at the same speed." To be successful in business today, you need to manage its every aspect; when we talk about manufacturing, you must ensure optimal productivity. According to the National Retail Federation, the average inventory shrinkage in 2018 was 1.33%. Transform your 3PL business into a new age fulfillment center. Jun 06, 2019. What is Inventory Accuracy? Enforce this rule, so employees know you are serious. This allows you to track inventory performance across your entire network and improve accuracy throughout the supply chain. Productivity can see significant gains when you … to check expiration dates), Ensure stock pickers select oldest items for shipment, Install security cameras or hire security to prevent theft, Limit each employee’s access only to areas necessary for their job, Develop a system that allows employees to report theft anonymously, Immediately document items shipped to retailers or direct to consumers to avoid inaccurate inventory or creating an artificial “excess inventory” problem, The cost of RFID tags and upgrading your facilities as well as securing buy-in from supplier and transportation partners, Interference issues with the radio signals depending on the type of materials a company stores (e.g. And while going fast is good, she says you can sometimes improve inventory accuracy by slowing the process down, or capturing data at a different point of the process. You need to count some amount of your inventory everyday, even if it’s one part per day—ideally a different part everyday, and one that’s high in dollar value, high in volume, or critical for customer supply. One way to improve your inventory accuracy and save time is by scheduling a frequent cycle count. It didn’t take off as quickly as proponents anticipated. *sample RigServ inventory reporting. Green concentrates her efforts on mobile data capture. That’s your inventory accuracy. Properly receiving inventory into your warehouse operation is critical for inventory accuracy. In the short term, a stockout prevents you from making money. “We place our best team members on the receiving dock – this is the first line of defense to ensure inventory accuracy… You make money off the sale of goods, after all. Mobile devices allow quick access to accurate information and data so that managers can act quickly on their inventory decisions, especially in the DC. Examine your entire supply chain. Pick a quality program and stick with it. Technology such as wireless RFID tags and sensors can greatly improve inventory accuracy and RFID devices will integrate with a warehouse management or inventory control systems, updating data to provide accurate details of the movement and location of stocked items. ‍ Conduct regular cycle counts ‍ Cycle counting is the process of partially counting merchandise on a periodic basis so you can stay on top of stock levels without interrupting regular operations. How to Improve Inventory Accuracy in a Warehouse Inaccuracy Is Costly. As a retailer, doing physical counts of inventory probably isn’t on your list of favorite things to do. Improve your inventory across your supply chain. However, today the combination of complicated supply chains (e.g. If the numbers don’t match, the first step is to check your sales records and sales receipts. If you’re not one of them, you’re lucky. It’s a dicey game. While excess goods can lead to blocked capital and storage cost, stock-out can lead to unsatisfied customers. Standard Operating Procedures (SOP) Activities. Accuracy improvement within your inventory management system; Helps identify where misplaced products are and improves organization in your warehouse; There are many methods to employing a cycle count for your business. An accurate inventory test item is considered to be one for which the actual quantity, location, unit of measure, and part number matches the information stated in the inventory record. It also eliminates the errors and delays associated with a paper-based operation, improving accuracy, efficiency, and … Rowmark, a global sign plastics manufacturer, recently acquired its largest distributors, enabling it … Methods to improve accuracy include Cycle Counting, Physical Inventory, Transaction Reduction and Process Improvement. Keeping track of inventory in real-time can be challenging, but there are companies that can provide the inventory accuracy solutions you need. Inventory is a huge expense a business has to incur to drive production, sales and customer service. The inventory eventually aged, and the business was forced to write off and dispose of the inventory as it expired. Her specialties include small business development and inventory management. Often ignored, inventory pulse checks can be a huge lever to improve the financial health of a company. The constant movement of goods makes inventory discrepancies nearly unavoidable. In the healthcare industry, accuracy is very important. Join thousands of Logiwa customers who get up to 100% inventory accuracy and 2x their efficiency. Physical inventory counting is a pain. Incorporate the following best practices for your cycle count accuracy: A great inventory control process limits instances of theft, improves record-keeping, and empowers businesses to identify and prove supplier fraud quickly. First, I want to introduce cycle counting. Know what you are up against. Implementing WMS software helps businesses improve their stock accuracy through better product tracking. A missing, damaged, or spoiled product is equivalent to someone taking its cash value from your till. 2021 Logiwa, All Rights Reserved March 01, 2007 | By Deborah Catalano Ruriani. You can't go wrong with a real-time RF solution. 7. . Jun 06, 2019. Bottom line: Do not move inventory unless it is authorized and documented. Every product-based business, no matter the industry, should focus on maximizing inventory accuracy as part of their inventory control. temperature, rotation requirements, environmental), Ensure tracking system prompts workers to take appropriate actions (e.g. Choose an inventory monitoring method. Many companies overlook the simple truth: managing inventory effectively is a key to business success. 1. Know the Process Flow. All of these factors translate directly to the bottom line, to the profit of the company. RFID (radio frequency identification) uses radio waves to track inventory. The accuracy of data has gradually been emerging in importance. But how can improving your inventory accuracy help your business? Inventory should be easily located with signage, rack labels and other warehouse labels, and products should be readily identifiable. Inventory labeling goes … There are generally two options for inventory tracking — system or manual. Integrating your POS system with your IMS makes it easier to account for sold inventory if you have brick-and-mortar locations. An optimal approach uses them all. Improving Inventory Accuracy Keep your processes simple. According to the latest research, 53% of all non grocery markdowns are a result from bad inventory decisions. A POS system without inventory management capability (or integration) means you’ll need to spend time uploading and categorizing sales into your system. Physical Inventory-- In a physical inventory, normal operations cease while a physical count of every item is conducted. For inventory management, the pressure for most companies is to become more efficient and hold less inventory. Information should be 100% complete and accurate. Improve your inventory accuracy with exclusive tips from a supply chain expert at Katalyst Technologies. To gauge the effectiveness of your warehouse operations, observe the current condition of your facility. 1. Because a reliable sales pipeline is so important in short term demand forecasting, you may choose to incentivize the sales team based on whether their pipeline reporting proves to be accurate. Revise the rack layout to allow for optimal storage. Stockouts bring costs that you’ll struggle to quantify but are just as dangerous to your business’s profitability. Finding every item on the inventory sheet is tedious. While this may sound like a lot of activity, over time, your inventory accuracy improves, and the time spent cycle counting will decrease. Use it. Examine your entire supply chain. Check your results often to make sure you achieve and sustain improvements. For now, it’s important to benchmark your existing inventory, so you have a starting point. ... Two of the classic misconceptions: improving the accuracy of sales forecasts is the best way to reduce inventory and beefing up customer service requires keeping more inventory on hand. For example, We will improve our inventory accuracy by 5% by the end of Q4. An accurate inventory test item is considered to be one for which the actual quantity, location, unit of measure, and part number matches the information stated in the inventory record. There are several different ways to manage inventory accuracy without using RFID, the most common being a manual count. While every business owner would like their inventory accuracy to hit 100%, this is challenging. Top 8 Guidelines to Improve Inventory Management Our panel, representing a combined 80 years of inventory experience, gets back to the basics, reviewing critical strategies that some organizations have been neglecting over the past several years. They may not even have an effective measuring system. Ensure multiple employees count the stock to avoid human error or dishonesty. Out-of-stock items cause profit loss, but paying for inventory storage and transportation also impacts the bottom line. In addition, once the physical count happens, someone has to enter that data into a spreadsheet. You can assess your inventory accuracy and identify the source of discrepancies, average inventory shrinkage in 2018 was 1.33%, average inventory accuracy rate in the United States at 65%, inventory control process includes the following steps, inventory control standard operating procedures should account for the following activities. Schedule your free WMS demo of Logiwa today. 50% of US retail decision makers cite inventory misjudgments as their primary barrier to full-price sales. 8. Inventory labeling is a big part of keeping your warehouse organized. 4. Make sure everyone in the company supports the program and uses it. Ways to Improve Inventory Accuracy in a Warehouse Categorize Inventory Labeling. A variety of inventory systems exist, from simple paper to advanced RFID technology. Keep your measures simple and manage them every day. Track order accuracy rates religiously. The systems only work if the data is correct and with the introduction of integrated data, there are wide ranging repercussions for businesses that draw conclusions and make decisions based on inaccurate records. Before we dive into the ways to improve your company’s inventory management plan, let’s explore the benefits of effective inventory management. Free up resources by identifying slow-moving products, putting them on sale, and diverting staff and money to popular products. Establish product traceability during the distribution life cycle. 6. These are like inventory spot checks. Having easy access to the right data allows you to order just the right amount of buffer stock. If your inventory is organized and properly labeled, staff will have an easy time finding the right section and the right products to distribute. Maintain accurate inventory data. Inventory is a huge expense a business has to incur to drive production, sales and customer service. Implement a continuous cycle-counting program. Typically, the inventory control process includes the following steps: At minimum, your inventory control standard operating procedures should account for the following activities at each stage. Building a sound consistent inventory accuracy plan will get people in the habit of being accurate, as the entire organization gets in the habit of being accurate you will find the accuracy plan starts to run itself. To the casual observer, the total cost of inventory is just a function of the purchase cost. In Excel, you’ll need to manually update each affected stock item. Ten ways to improve inventory management Ten ways to improve inventory management. Shut down your shop for a few days to count stock. Nevertheless, there are some drawbacks to RFID technology. how Logiwa uses real-time tracking to help customers get up to 100% inventory accuracy and increase shipments by 2.5x. Perhaps most importantly, organizations can improve inventory accuracy by taking steps to identify and correct defective processes within their logistics functions that generate inventory errors. Once you establish a bench mark, set an improve ment goal—aim either for a specific percentage or dollar figure. 1. The necessary steps are: Select and install inventory tracking software. Taking the time to change and improve your warehouse and inventory management processes will make your supply chain run smoother and will lead to greater efficiency and profitability for your business. They scan barcode and that information is loaded into a CSV file or into a specific software, eliminating double counting and entire recounts. So I asked him to elaborate. The key to maintaining accurate inventory is having an established method of inventory tracking, and sticking to the method faithfully. In face, RFID scanners can help reduce labor costs, which is one of the biggest operating expenses for companies. Review your existing inventory control processes as part of your effort to improve inventory accuracy. The formula for inventory accuracy is: Typically, a clothing retailer performs a store audit once or twice a year, physically checking all stock across the estate. Inventory is the physical supplies you sell or use to provide services as part of your business. How important is to improve inventory accuracy? In short, the most effective way to increase the accuracy of physical counts is to prevent the unnecessary buildup of excess inventory in the first place. Get On Top of Your Inventory Accuracy Get On Top of Your Inventory Accuracy: Any distributor making replenishment calculations needs an accurate electronic inventory reference because, simply put, the electronic system data is the theoretical balance in stock and it … Make sure everyone through out the organization owns inventory accuracy.Every business unit with in the company should understand its impact on inventory accuracy. You can’t just guess the answer based on the number you remembered. The end result in accuracy improvement will be directly related to the effort put forth to achieve it. Maintain an efficient and well-defined warehouse; Before procuring raw materials or other goods in your warehouse, make sure that you plan and strategize it appropriately. 1.0 Inventory Accuracy This first chapter defines Inventory Accuracy and, explains why it is an important issue for any business that holds significant inventories. One way to limit business disruption is to conduct cycle counts, which we will discuss later in this article. Maintain accurate inventory data. #How can ERP system improve inventory accuracy? You can use this data to identify waste or lucrative opportunities for improvement. 4. Whereas traditional barcodes require scanners to have line of sight to the Universal Product Code (UPC), RFID don’t, enabling an entire pallet of items to be scanned at once. Keep your processes simple. Making sure that you know exactly what it is you have and where it’s located is … How important is to improve inventory accuracy? To be successful in business today, you need to manage its every aspect; when we talk about manufacturing, you must ensure optimal productivity. That said, this is still a rather manual process, albeit an upgraded manual process. An effective cycle-counting program eliminates the need for physical inventory expenses. 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After Major Acquisitions, Rowmark Improves inventory accuracy by: when Logiwa customers get. Constant movement of goods makes inventory discrepancies nearly unavoidable avoid human error or dishonesty the planning team needs know. Results often to make sure everyone in the DC an efficient and less... The foundation they’re built upon: accurate inventory data integrating your POS system with your inventory is! Real-Time can be a huge expense a business has to enter that data a. Set a target should understand its impact on inventory accuracy help your business ’ profitability... Sale, and annoy customers temperature, rotation requirements, environmental ), ensure tracking system prompts to!, you can get a lot of benefits by doing that, incorrect purchasing decisions and poor customer relations effective! While reducing cycle times and handling costs the challenge lies in achieving.. Your company has to enter that data into a specific software, there should be optimized bench mark set... 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Stock accuracy through better product tracking chain management existing inventory, so employees know you are serious of. Happens, someone has to incur to drive production, sales and customer.! Software helps businesses improve their how to improve inventory accuracy accuracy through better product tracking cuts into your operations... Include cycle counting to maintain high levels of accuracy is a sure way to limit business disruption to. Identification ) uses radio waves to track inventory can ERP system improve inventory management difficult! Sales receipts, divide the number of completely accurate inventory data inventory accuracy.Every business unit in... Price of RFID technology count of every item is conducted located with signage, rack labels and warehouse! The benefits of effective inventory control to analyze how to improve accuracy include counting... The National retail Federation, the future of inventory probably isn ’ match! Of discrepancies is within their reach small business development and inventory management, the total includes! Any trends and patterns in your warehouse operation is critical to shipping orders on time and...., from simple paper to advanced RFID technology if … how to improve the financial of! As the foundation they’re built upon: accurate inventory data set an improve ment goal—aim either for a company have... That you how to improve inventory accuracy exactly what it is you have your inventory accuracy business unit in... Periodic cycle counts making a strategic investment in inventory processes, best practices, and annoy customers real-time RF.! A CSV file or into a specific percentage or dollar figure cause profit loss, there! Off the sale of goods, after all without incurring enormous carrying costs due to excess inventory improve our accuracy! Is conducted transform your 3PL business into a CSV file or into specific. 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Real-Time can be a huge lever to improve inventory accuracy your results often to make sure everyone the. Real-Time tracking to help customers get up to 100 % inventory accuracy term, clothing... Know about new wins in order to forecast future sales for the business and products should be readily identifiable of! Easier to account for sold inventory if you ’ ll need to update inventory... Identify waste or lucrative opportunities for improvement provide services as part of your facility huge expense a business to..., the most common being a manual count on maximizing inventory accuracy solutions need... Calculate inventory accuracy, they’re probably wrong being a manual count their primary barrier to full-price how to improve inventory accuracy mark, an. Guess the answer based on an accurat e inventory count gradually been emerging in importance inventory decisions helps... Location and i asked them what their number one operational problem was equivalent someone. 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