Number of Person(s) needed to research/search/rework [multiplied by] length of time taken to research/search/rework [multiplied by] hourly wage(s) for person(s) working on the research/search/rework [equals] the cost of inaccurate inventory.
Each time materials in the warehouse are touched there is potential for inventory data to become inaccurate; and every step we take to correct it will require resources. This is true whether we are filling out the paperwork, entering data into the computer or moving the inventory in the warehouse. So, each of us at PacMoore shares the responsibility to keep accurate inventory data. As you can see, inaccuracy and disorganization are more than just a nuisance; they can quickly get out of hand. This not only prevents the ability to service and satisfy customers but it also becomes a drain on the company’s profits. Don’t let this happen to you!