removalinventory
Removal inventory refers to the formal process of removing items from a company’s inventory records and from physical stock when those items are no longer suitable for sale or use. It is used to keep inventory data accurate for financial reporting, forecasting, and supply chain planning.
Common scenarios prompting removal include damage or spoilage, obsolescence, returns that cannot be restocked, regulatory disposals,
The removal process typically involves initiation, verification, disposition, and documentation. An authorized person creates a removal
Systems used to manage removal inventory include enterprise resource planning (ERP) systems and warehouse management systems