Inventory Accuracy
We compare inventory records with available physical, warehouse, and transactional information to identify differences between expected and actual stock positions.
Audit service
Inventory Audit Services
Improve Stock Accuracy, Reduce Inventory Risk, and Strengthen Warehouse Control.
Inventory is one of the most important assets within a supply chain. Differences between physical stock and system records can affect purchasing, warehouse operations, production planning, order fulfillment, financial reporting, and working capital.
Audex Inventory Audit Services provide an independent assessment of inventory records, stock movements, warehouse controls, reconciliation processes, and inventory aging to identify discrepancies and opportunities for stronger inventory management.
Overview
What Is an Inventory Audit?
An inventory audit is a systematic review of inventory records and related processes to determine whether stock information is accurate, complete, properly controlled, and supported by appropriate records.
Audex examines inventory transactions and controls to identify shortages, excess stock, unusual movements, reconciliation gaps, and potential weaknesses in warehouse processes.
Audit scope
What We Audit
Coverage follows inventory from receipt through storage, movement, adjustment, and reconciliation.
Goods Receipt & Goods Issue
We review receiving and dispatch transactions to identify discrepancies between physical movement and recorded inventory activity.
Stock Transfers
We assess inventory transfers between warehouses, locations, and storage areas to identify unusual transactions, delays, or reconciliation gaps.
Inventory Adjustments
Inventory adjustments can materially affect stock accuracy. We review adjustment transactions and related controls to identify unusual or unsupported changes.
Inventory Aging
We analyze inventory according to movement and age to identify slow-moving, non-moving, excess, and potentially obsolete stock.
Warehouse Controls
We evaluate controls around receiving, storage, picking, dispatch, counting, reconciliation, and stock adjustments to identify opportunities for stronger inventory governance.
Business value
Key Benefits of an Inventory Audit
Improve Inventory Accuracy
An inventory audit helps identify differences between recorded and actual stock positions. Better inventory accuracy provides a more reliable foundation for procurement, fulfillment, planning, financial reporting, and operational decision-making.
Reduce Excess and Obsolete Inventory
Inventory aging analysis helps identify stock that is moving slowly or no longer supporting business requirements. This provides management with greater visibility into working capital that may be unnecessarily tied up.
Strengthen Warehouse Controls
Reviewing receiving, storage, picking, dispatch, transfer, and adjustment processes helps identify control weaknesses. Stronger controls can reduce the likelihood of recurring stock discrepancies and operational losses.
Improve Working Capital Management
Accurate inventory information enables organizations to make better purchasing and replenishment decisions. Reducing excess and inaccurate stock can improve working-capital efficiency while supporting better supply chain planning.
Independent audit partner
Why Choose Audex?
Audex combines inventory analysis, transaction-level review, operational assessment, and control evaluation to provide a complete view of inventory accuracy and risk.
Rather than focusing only on stock differences, we look for the underlying process issues that may be creating those differences. This allows organizations to address recurring problems rather than repeatedly correcting the same symptoms.
Relevance
Who Can Benefit?
Inventory audits suit organizations holding significant stock across one or more locations.
- Manufacturers
- Retailers
- Distributors
- Importers
- E-commerce organizations
- Warehouse operators
- Companies with multiple inventory locations
- Businesses with high-value or high-volume inventory
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Take the next step
Identify the Gaps. Strengthen Your Inventory Control.
Audex helps organizations turn logistics and supply chain data into stronger controls, clearer visibility, and actionable improvement opportunities. Contact Audex to discuss your audit requirements and identify the areas where an independent review can create the greatest business impact.