oboloo

oboloo Glossary

Inventory Count

oboloo Glossary

Inventory Count

Inventory count is the process of verifying the quantity and quality of goods held in stock. It is an important part of a business’ operational cycle as it helps to identify discrepancies between actual stock levels and those recorded by the company’s accounting system. Thus, it provides a more accurate reflection of the company’s true financial position. An inventory count also allows businesses to make informed decisions concerning delivery times and cost-effectiveness when ordering new stock. Ultimately, an effective and efficient inventory count system will help ensure your business is running at peak efficiency – enabling growth whilst ensuring financial stability.

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