For most ecommerce brands, inventory malaysia telegram data is their largest investment – so it’s important that your financial statements accurately reflect the true value of that investment. Performing regular value adjustments on your inventory helps keep your financial statements accurate and orderly.
More informed business decisions
By adjusting your inventory regularly, you can have more confidence in your inventory records and make more data-driven decisions regarding reorder quantity, pricing, product mix, and more.
How to make inventory adjustments
Performing an inventory adjustment is relatively simple. First, you must conduct a physical inventory count to establish how much inventory you have on-hand. Next, compare that number with the amount of inventory you have recorded.
Beyond those essential steps, here are a additional inbound17 session takeaways few expert tips to help you improve your inventory adjustment process.
Adopt real-time inventory management software
The easiest way to simplify your inventory adjustment process is to minimize the need for adjustment in the first place. That’s why it makes sense agb directory to invest in inventory management software that can update inventory counts in real-time as units are received, stored, picked, packed and shipped.
