In retail stores, accurate stock information at all times is key to guarantee that products are available at the right store at the right time. The quality of a retailer’s stock information is often expressed as a percentage: stock accuracy. Does this number represent product (un)availability?
In this white paper, we will first analyze what is meant with ‘stock accuracy’ and then take a close look at the existing methods to calculate stock accuracy. Finally, we will introduce a new definition to calculate the stock accuracy that suits the retail sector.