Tackling Inventory Related Accounting Issues
Whether your company is a manufacturer or a retailer, having accurate inventory helps you avoid inventory write-off, ensuring that aging inventory is addressed before expiration or obsolescence, which saves you space and money. Imagine if your largest customer places a significant order but the inventory system doesn’t accurately reflect stock counts. To fill the order, you’ll likely add the products to your manufacturing schedule, which will likely result in excess inventory, as well as related storage requirements and cost.
Implementing effective inventory management allows you to consistently deliver a high level of customer service, which will keep your customers smiling.
