What is the primary purpose of conducting inventory audits in Materiel Management?

The primary purpose of conducting inventory audits in Materiel Management is to verify the accuracy of inventory records. This process involves a systematic examination of the inventory records against the actual inventory on hand. By performing regular audits, organizations can identify discrepancies which may result from various factors such as theft, damage, misplacement, or data entry errors. Ensuring that inventory records accurately reflect the physical count is crucial for effective inventory control, financial reporting, and decision-making. Accurate inventory records also enable better resource planning and allocation, ultimately leading to improved operational efficiency.