Abstract: A method for stock record verification for small inventory populations comprises establishing a first group that includes a plurality of part numbers having values above a predetermined threshold, and establishing a second group that includes a plurality of part numbers having values below the predetermined threshold. A plurality of part numbers is randomly selected from among the plurality of part numbers in the second group. The method also includes receiving physical count data associated with each of the part numbers in the first group and the randomly selected part numbers from the second group. An inventory error is determined based on a comparison between the physical count data and inventory record data for each of the part numbers counted. The method further includes adjusting the inventory record data based on the inventory error.

Abstract: An inventory control process management method comprises establishing a plurality of groups within a product population, each of the plurality of groups having a plurality of products with at least one aspect common to each of the plurality of products. One or more part numbers associated with each of the plurality of groups is selected, wherein a number of selected part numbers is determined based on a total size of a group associated with the selected part number. An actual quantity associated with each of the selected part numbers is determined based on a inventory audit and an inventory error associated with each of the selected part numbers is identified based on a deviation between the determined quantity and an inventory record associated with each of the selected part numbers. The inventory record is modified based on the inventory error.

Abstract: A method of auditing inventory. The method includes determining a first check as a function of an identifying tag. The first check is configured to identify at least one first condition. The identifying tag is indicative of at least one of a rating, a ranking within a hierarchical scale, a grade, or a type of product. The method also includes electronically communicating first data to a first user. The first data is indicative of the first check and includes at least one command configured to solicit second data from the first user. The method also includes establishing second data indicative of at least one second condition, as a function of the at least one command. The method further includes electronically communicating the second data to a second user and automatically comparing the second data with third data, the third data indicative of at least one third condition.