Measures the accuracy of inventory levels compared to recorded inventory.

What it Measures ?

How close our stock records are to actual stock.

Relevant StakeHolders 

Inventory Manager, Warehouse Head

Why it Matters ?

Improves inventory accuracy.

In-depth Use Case / Real-world Example

Inventory Accuracy evaluates how closely actual inventory levels match the inventory records. For instance, if actual inventory is 95% accurate compared to recorded inventory, the accuracy rate is 95%. High inventory accuracy ensures proper stock levels, reduces stockouts or overstocking, and optimizes supply chain operations. Companies can improve accuracy through regular audits, better stock management practices, and automation.