April 26, 2018
When a company’s inventory count comes up short, the hunt for the missing inventory begins. Are employees are stealing from the warehouse in the middle of the night? Is a dishonest bookkeeper recording fictitious purchases and pocketing the difference? Possibly. But while employee theft may be the reason, less nefarious causes might be to blame. Defining & Tracking Inventory Inventory can be defined as the raw materials, work-in-process products and finished goods considered to be the portion of a business's…