MANAGEMENT

Detailed explanation-1: -Purpose of a Physical Inventory Count A physical inventory can ensure an accurate inventory tally. Staff physically count each piece of stock. This physical inspection of goods should confirm what’s in the inventory management system report. Any discrepancy should alert you there’s another issue.

Detailed explanation-2: -A physical inventory count, then, is the process of manually counting the stock you carry in-store-from the sales floor to the back store-comparing the inventory levels you count to the inventory levels recorded in your POS system and then reconciling any discrepancies.

Detailed explanation-3: -Physical counts are a way to verify that the inventory system and the actual stock are in agreement. Physical inventory counts involve physically counting the number of items in stock, and comparing that number with the number that is in the inventory management system.