Inventory correction, also known as stock correction, is an important process in warehouse management that allows authorized users to correct discrepancies found between the physical inventory and the data recorded in the system. Typically, such a discrepancy occurs due to data entry errors, theft, loss or other unforeseen events.

Authorized users, such as warehouse employees or warehouse managers, have the authority to perform an inventory correction when a discrepancy is detected. This process usually involves checking the physical stock by manual counting or using technologies such as barcode scanners or RFID (Radio-Frequency Identification). The recorded quantity is then compared with the data stored in the warehouse management system.

Once the discrepancy is identified, authorized users can make the necessary corrections to adjust stock levels. This may include adjusting stock levels in the system, updating transaction records and reallocating stock if necessary.

Effective inventory correction is critical to ensure inventory accuracy and reliability. By regularly reviewing and correcting discrepancies, companies can avoid losses due to stock-outs or overstocks, improve inventory management efficiency and increase customer satisfaction.

Overall, inventory correction is an essential part of an effective warehouse management system that helps companies optimize their operations and remain competitive.