Inventory Adjustment
Inventory adjustment refers to the process of modifying the quantity or value of inventory items recorded in an organization's inventory management system to reflect the actual physical inventory levels or the financial value of the inventory.
What is Inventory Adjustment?
Inventory adjustment refers to the process of modifying the quantity or value of inventory items recorded in an organization's inventory management system to reflect the actual physical inventory levels or the financial value of the inventory. Inventory adjustments are typically made to correct discrepancies between the quantities or values of inventory items as recorded in the system and the actual counts or values observed through physical inventory counts, inspections, or other inventory audits. Within NetSuite, inventory adjustment is possible through a native SuiteApp like ZoneBilling.
