Question

At which level is physical inventory carried out in inventory management?

Answer 1

Answer:

Inventory of all stock types mentioned can be taken in a single transaction. For the materials to be inventoried ,one item is created in the physical inventory documents for every stock types. Physical inventory takes place at storage location level.

Explanation:

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Answer 2

Physical inventory is carried out at the operational level in inventory management.

It is a process of physically counting and verifying the actual inventory quantities that a business has on hand. This process is typically carried out periodically, such as once a year or every quarter, and involves a team of individuals physically counting the inventory in a warehouse or storage location.

The results of the physical inventory count are then compared to the inventory records in the company's inventory management system to identify any discrepancies or inaccuracies.
This allows the company to adjust its inventory records and identify any potential issues with theft, damage, or inefficiencies in the inventory management process.

Overall, physical inventory is a critical component of inventory management, as it helps businesses ensure that they have accurate inventory records and that they are operating efficiently and effectively.

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