Inventory Adjustment
An inventory adjustment is an authorized transaction correcting recorded stock quantity, value, status, or location after a verified discrepancy.
What this term means in maintenance
An inventory adjustment is an authorized transaction correcting recorded stock quantity, value, status, or location after a verified discrepancy.
Reasons for adjustment
Adjustments may result from:
- Cycle count variance
- Damage
- Expiry
- Write-off
- Unit correction
- Duplicate transaction
- Location correction
- Found stock
- Conversion error
Practical example
A count confirms that one damaged bearing must be removed from available inventory.
Control
The adjustment should record reason, evidence, user, approval, date, quantity, and financial effect.
Investigation
Repeated adjustments indicate a transaction or process-control problem.
Common mistake
Using adjustment instead of proper issue, return, transfer, or receipt transactions hides the real movement of stock.
How this term differs
Inventory Adjustment is an authorized correction after a verified discrepancy. It is related to Parts Issue, Parts Return, and Stock Transfer, but these terms describe different records, measures, roles, strategies, or decisions and should not be used interchangeably.
Related concepts
Related maintenance terms
Keep exploring connected CMMS, reliability, and maintenance planning terms.
Cycle Count Variance
Cycle count variance is the difference between the physical quantity counted and the quantity recorded in the inventory system.
Stock Accuracy
Stock accuracy is the degree to which recorded inventory quantities and locations match the physical spare parts actually available.
Audit Trail
An audit trail is a chronological record showing what information or status changed, when it changed, and which authorized user performed the action.
Inventory Adjustment FAQs
- What is an inventory adjustment?
An authorized correction to quantity, value, location, or stock status.
- When is it used?
After verified count variance, damage, expiry, write-off, or transaction correction.
- Should adjustments replace normal transactions?
No. Use receipt, issue, return, and transfer transactions for actual movements.