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When erroneous data are detected by computer program controls,such data may be excluded from processing and printed on an exception report.The exception report should most probably be reviewed and followed up on by the:
Inventory Holding Cost
The total cost incurred by holding inventory, including storage, insurance, spoilage, and opportunity costs.
Carrying Costs
Expenses associated with maintaining inventory, including storage, insurance, and opportunity costs.
Cycle Counting
An approach to stock audit where a limited selection of the inventory at a defined site is enumerated on a chosen date.
Service Level
A measure of the performance of a service system, often defined in terms of responsiveness to customer needs and reliability.
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