Birgðamæling

Birgðamæling, often translated as inventory measurement or stocktaking, is the process of physically counting and verifying the quantity of goods or materials held in stock by a business. This is a fundamental practice in inventory management, essential for accurate record-keeping and informed decision-making. The primary goal of birgðamæling is to ensure that the recorded inventory levels in accounting and management systems match the actual physical inventory on hand.

There are several common methods for conducting birgðamæling. Periodic inventory involves a full count of all inventory at specific, infrequent intervals, such as annually or semi-annually. Cycle counting, on the other hand, is a more continuous process where smaller portions of inventory are counted on a rotating basis throughout the year. This method helps to identify discrepancies more quickly and reduces the disruption associated with a full physical count. Another approach is perpetual inventory, which aims to maintain a continuous record of inventory levels as items are received and sold, often aided by technology like barcode scanners and inventory management software.

The accuracy of birgðamæling is crucial for various business functions. It impacts financial reporting, as inventory is a significant asset on a company's balance sheet. It also affects operational efficiency by preventing stockouts, reducing excess inventory holding costs, and minimizing losses due to obsolescence or spoilage. Discrepancies identified during birgðamæling can indicate issues such as theft, data entry errors, or inefficient warehouse management, prompting investigations and corrective actions. Regular and accurate birgðamæling is therefore a cornerstone of effective supply chain and financial management.