Improving inventory accuracy requires a multi-faceted approach:
Implement Robust Systems: Utilize advanced inventory management systems that offer real-time tracking and reporting. Regular Audits: Conduct frequent physical counts and reconcile them with the system data to identify and rectify discrepancies. Train Employees: Ensure that employees are well-trained in inventory management practices and understand the importance of accuracy. Leverage Technology: Use technologies such as RFID and barcode scanning to minimize human error and improve accuracy.