An inventory audit is a process of verifying and reconciling a company’s physical inventory with the inventory records maintained in its accounting system. It involves physically counting and inspecting the inventory on hand, comparing it to the inventory records, and identifying any discrepancies or errors. The purpose of an inventory audit is to ensure the accuracy and completeness of the inventory records and to identify any issues that may be causing discrepancies. This information is then used to make any necessary adjustments to the inventory records and to improve inventory management processes.
An inventory audit with QR or barcode scanner involves using a handheld device that has a built-in scanner to scan QR codes or barcodes on items in a company’s inventory. This process is used to verify the accuracy of the inventory records and to identify any discrepancies or errors that may exist between the actual inventory on hand and what is recorded in the company’s system.
During the audit, the scanner is used to scan the barcode or QR code on each item in the inventory, which captures the item’s unique identifier and links it to the inventory record in the system. This process ensures that each item is counted and recorded accurately, and any discrepancies or errors can be identified and addressed.
Using QR or barcode scanners for inventory audits can increase the accuracy and efficiency of the audit process, reduce the risk of errors, and save time compared to manual methods. The data captured during the audit can be analyzed to identify trends, optimize inventory levels, and improve overall inventory management. ALL-IN-CRM includes all the necessary modules to do an inventory audit.