KPI Lab Inventory accuracy

Inventory

Of the bins you counted, how many matched the system?

With JavaScript off, here is one worked example: 492 of 500 counted bins matched the system, so inventory accuracy is 98.4%.

Inventory accuracy

98.4%

492 matched ÷ 500 counted

8 of 500 bins were off. Recount those first. Then look for a pattern by item, aisle or shift so it doesn’t repeat.

In plain words

Inventory accuracy tells you how often the computer is right about what’s on the shelf. Count a set of bins, then check each count against the system. A bin only counts as a match when the two agree exactly.

The formula

Inventory accuracy = bins that matched ÷ bins counted × 100

Why it matters

If the computer says you have 10 and the shelf has 4, you’ll promise orders you can’t ship. Every other report is only as good as this number.

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