Measures the accuracy of inventory records compared to physical stock levels.

What it Measures ?

Compares recorded inventory to actual stock on hand.

Relevant StakeHolders 

Inventory Controller, Warehouse Manager

In-depth Use Case / Real-world Example

A company manufacturing toys calculates Inventory Accuracy by comparing its recorded inventory levels to the actual stock available in the warehouse. For example, if the company records having 1000 units of a specific toy, but upon counting the actual stock, it finds 950 units, the accuracy is 95%. High inventory accuracy minimizes stockouts and overstocking.