Inventory Record Accuracy

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