With the onset of universal product codes and bar-code scanners that track inventory purchased and sold, a physical inventory is no longer necessary to verify inventory on hand.

Question

Quizplus · Accepted Answer

While bar-code scanners and universal product codes have made inventory tracking more efficient and accurate, a physical inventory is still necessary to verify the accuracy of the system and to identify any discrepancies or issues that may have not been detected by the scanner or system. Physical inventories also help in identifying theft or other losses that may have gone unnoticed.

With the Onset of Universal Product Codes and Bar-Code Scanners