Which method is effective for maintaining inventory accuracy?

Regular stock audits are an effective method for maintaining inventory accuracy because they involve systematically checking the physical inventory against the recorded inventory levels in the system. This practice helps identify discrepancies that may arise from errors in recording, theft, or product damage. By conducting these audits consistently, a business can ensure that its inventory records reflect actual stock levels, leading to improved operational efficiency and enhanced decision-making regarding reordering and stock management.

While strategies like limiting employee access, reducing stock variety, or increasing storage space may have their own advantages in inventory management, they do not directly address the accuracy of inventory records. Limiting access may help minimize errors or theft but does not directly verify the correctness of the inventory data. Similarly, reducing stock variety or increasing storage space could help with organization or logistics but wouldn’t necessarily improve the precision of inventory counts themselves. Regular stock audits are thus critical for maintaining the integrity of inventory data.