Inventory record errors can trigger overstocking or understocking, which then disrupt operations and increase costs. Physical inventory counts help prevent this by showing the actual stock on hand, improving accuracy and stock control.<\/p>\n
A physical inventory count gives you a clear picture of your stock and can reduce storage costs, which may reach 30-60% of inventory value itself<\/a> (Source: ResearchGate). By tracking each item carefully, you can avoid costly mistakes. But what is physical inventory, and is it still important for businesses in the Philippines today?<\/p>\n