Inventory discrepancies can affect your production process. Here's how to address them:
- Perform a Physical Count: Conduct a thorough physical count of your inventory.
- Compare Records: Compare the physical count with your inventory records.
- Identify Causes: Determine the cause of the discrepancies (e.g., data entry errors, theft, supplier errors).
- Adjust Records: Correct your inventory records to reflect the actual count.
- Implement Controls: Put measures in place to prevent future discrepancies, such as regular audits and improved tracking systems.
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