oboloo

oboloo Glossary

Inventory Auditors

oboloo Glossary

Inventory Auditors

Inventory Auditors are professionals who ensure that businesses maintain accurate records of their inventory. They conduct exhaustive physical and electronic observations of products, materials, equipment, and other assets related to the company’s production and operations process. Their goal is to help organizations systematically identify discrepancies between recorded inventory data and actual physical inventory figures on a regular basis. Inventory Auditors have the responsibility to review documents, evaluate supply chain systems, and detect potential waste or fraud in the inventory management system. By using cutting-edge tools such as barcode scanning, RFID readers, and scanners, they can quickly identify discrepancies between recorded and real-time information regarding inventory levels. Ultimately, their work helps businesses save money, optimize their processes, and remain compliant with regulations.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971