What, Why and How of Inventory Auditing?

Welcome to IISCM.org. I am your host Venkadesh Narayanan. Today, we are going to discuss the What, Why and How of Inventory Auditing. Inventory auditing is the process of reconciliation between the quantities of physical inventory and the quantities of logical inventory. Here physical inventory refers to the inventory we have on-hand, hence also known as on-hand inventory. And logical inventory refers to the inventory we have on the books or in your ERP or in your system. To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].

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IISCM is a leader in Supply Chain Consulting, Certifications and Executive Development Programs. IISCM is a unit of Fhyzics Business Consultants Private Limited - an Authorized Channel Partner (ACP) of APICS, USA [Part of the Association for Supply Chain Management, ASCM Network]. Fhyzics offers end-to-end support for Certified Supply Chain Professional (CSCP), Certified in Production and Inventory Management (CPIM) and Certified in Logistics, Transportation and Distribution (CLTD) certifications of APICS, USA. For more details, please visit www.IISCM.org or speak to our consultants at +91-900-305-9000.