Stock Audit

Let us understand, a stock audit, also known as inventory audit, is the process of verifying whether the physical goods available at your store's warehouse match the results available at the stock registry. Stock auditing is a regulatory procedure that every corporate organisation is required to complete at least once a year.Thus, helps identify potential issues early. It helps identify areas (or risks) where improvements need to be made. It helps improve the overall effectiveness of the organisation. It helps identify if the final product is fit for use and meets customer requirements. Find discrepancies between recorded stocks and physical stock. Update the physical stock that matches the recorded stock. Proper preservation and handling of stocks.