How you measure Inventory Accuracy depends on where you stand.
SKU | Value | Book | Actual | Adjustment | $$$ |
29907 | $1.00 | 100 | 95 | -5 (5%) | -$5.00 |
15302 | $2.50 | 170 | 175 | +5 (2.94% | +$12.50 |
JSD35 | $0.75 | 800 | 790 | -10 (1.25%) | -$7.50 |
Total | 1070 | 1060 | -10 (0.93%) | $0.00 |
Financial Adjustment Accuracy... 100% accurate, no balance sheet write off. Planning Accuracy (with 3% tolerance) .... = 2/3 = 67% accurate. Inventory Record Accuracy... = 0% accurate, all inventory records were wrong. %IRA = (number of correct inventory records)/(total number of inventory records checked)*100