More Details about Improving Inventory Record Accuracy Getting Your Stock Information

General Information  
Author(s)Tony Wild
PublisherELSEVIER
ISBN9780750659000
Pages144
BindingSoftbound
LanguageEnglish
Publish YearSeptember 2004

Description

Record accuracy has become the focus of attention for many businesses because customers have higher expectations of the right item being delivered on time, and competitive pressures do not allow for extra stockholding. Businesses now have the opportunity to become much more effective given the correct information, the development of better communication and integration of systems. For inventory management, the pressure for most companies is to become more efficient and hold less inventory. The accuracy of data has gradually been emerging in importance. 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. Where there is a lot of data, there is the opportunity for many and large errors. This is often the case with i.