Inventory Location Accuracy
Percentage
Determines how often inventory items are found in their designated locations within a warehouse or storage facility. Accurate location information increases warehouse efficiency, reduces picking time, minimizes order processing delays, and ensures smoother logistics operations.
Formula
(Number of Items Correctly Located / Total Number of Items Checked) x 100
Example
If 90 out of 100 checked items are in the correct spot, the location accuracy is 90%.