How do you communicate and collaborate with other departments on inventory variance issues and solutions?
Inventory variance is the difference between the actual and expected quantity or value of inventory items. It can result from errors, theft, damage, spoilage, or other factors that affect inventory accuracy. Inventory variance issues can have negative impacts on your business performance, customer satisfaction, and compliance. Therefore, it is essential to communicate and collaborate with other departments on inventory variance issues and solutions. Here are some tips on how to do that effectively.