Inventory · The stock position · Element
The accuracy
How closely the record matches what is actually there.
The part
What it is
Cycle counting a sample continuously produces an accuracy rate, which is what tells you whether the record can be planned on.
Accuracy below the mid-nineties makes automated replenishment unreliable, which is usually the point at which it becomes worth fixing.
The smallest level
The attributes it carries
Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.
The other elements in the stock position
The quantities
What is held, by item and by location.
LearnThe valuation
What the stock is worth, on a stated basis.
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