Brought to you by NewGen, a customer-centric ERP consulting group with over 25-years of experience
Brought to you by NewGen, a customer-centric ERP consulting group with over 25-years of experience
A physical inventory count is a methodical and structured approach to counting a business’s stock. Physical counts typically happen at the end of a reporting period and are used to ensure inventory records and financial statements are accurate. This information provides for better forecasts around sales and purchases, and ensures a business has the right amount of product on hand to meet customers’ demand.
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