1776 Out of Stock Determination Method Code

Code identifying the technique used to measure items reported as out of stock.

Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
CodeDescription
MAManual Audit
Visual inspection of stocking locations
OTOther
Other Method
PIPerpetual Inventory
Estimate of on-hand balance used upon the previous inventory value, adjusted by subsequent sales and receipts.
RFRadio Frequency Identification (RFID)
Physical count of items at stocking locations taken by RFID.
SDSales Data Analysis
Estimate of on-hand balance based upon the observed versus expected rate of sale.

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