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Describe three ways to improve inventory accuracy.

Uniquecorn21

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6 years ago

Describe three ways to improve inventory accuracy.

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red r.

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6 years ago

First, companies often assign specific employees to issue and receive orders and materials, and to enter transaction data. Controlling the number of people who handle inventory or associated transactions reduces the chance of errors substantially.

A second approach is to place inventory in a locked and secured location.

A third method involves cycle counting, which is a system in which employees physically count a percentage of the total number of items stocked in inventory and correct any errors that are found.

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