Inventory auditing

Introduction

In general terms, inventory auditing is the process of verifying the accuracy of a business's inventory records by comparing them to a physical count of stock. This process ensures that the financial statements accurately reflect the company's inventory holdings and helps identify any discrepancies or issues in the inventory management system.

FactoryLogix has powerful inventory auditing capabilities that allow you to set up, customize, and execute inventory audit plans and help you keep your factory’s inventory accurate and up to date without the risks and high costs associated with shutting down the factory.