Question

For the 179 parts that account for approximately 70% of dollars spent last year on stock, what inventory accuracy would apics recommend?

Answer 1

Inventory purchasing is higher

Answer 2

Answer

Plus/minus 1%

Explanation

Inventory accuracy is a term applied to mean all the variations that exist between the records stores in electronic form on inventory and the records for physical state of the inventory. One should perform a physical inventory and keep a consistent unit of measure.