Inventory accuracy metrics measure how close a business’s inventory management is to accurate, up-to-date records. By keeping track of how well the organization tracks inventory resources, businesses can compare and analyze their current state against desired goals and objectives. Accurate inventory metrics provide visibility into stock levels in order to maintain an effective supply chain. This includes tracking purchase orders, invoices, warehousing activities, and returns. High inventory accuracy ensures that stock items are on hand when needed and delivered on time. It also reduces the risk of theft and prevents any discrepancies between actual and reported inventory levels. With improved data accuracy, you’ll be able to make smarter decisions about inventory control and optimization. Monitor your performance regularly and strive for an ideal balance between customer satisfaction and profit margins by tracking your inventory accuracy metrics.