What is the purpose of conducting Out of Stock scans?

Conducting Out of Stock scans is primarily intended to verify actual stock against system records. This process helps ensure that the quantities of products reflected in the inventory management system accurately match what is physically on the shelves. By doing so, it allows a pharmacy or store to identify discrepancies that may lead to stockouts or overstock situations, thus maintaining optimal inventory levels and ensuring that patients have access to the medications they need.

This verification process is crucial for inventory management, as it helps in recognizing issues such as theft, misplacement, or errors in receiving and stocking products. The repercussions of inaccurate stock records can be significant, leading to lost sales opportunities and customer dissatisfaction.

While assessing employee performance, forecasting inventory needs, and calculating sales trends are important aspects of retail operations, they do not directly relate to the specific goal of conducting Out of Stock scans, which focuses solely on reconciling actual inventory with recorded data.