When Companies Find Out They Have Lost Millions In Inventory
Physical Inventory is an annual process where a business physically counts their entire inventory. Common in manufacturing and warehousing, physical inventory is a mandatory all hands on deck process lasting anywhere from one day to one week. This laborious process involves counting, weighing, and measuring raw and in process material, but why do companies disrupt production and shipping for a physical inventory count? Roles and Responsibilities The Physical Inventory Process is typically owned by the Supply Chain, Materials, Finance, or…
