How do on-hand quantities get adjusted upon inventory confirmation?

The adjustment of on-hand quantities following inventory confirmation is primarily performed by the Retail Operational Module (ROM). This automated system streamlines the inventory management process by updating the quantities based on the confirmation of inventory counts. When inventory is confirmed, the software calculates the difference between the counted quantities and the previous on-hand values, making the necessary adjustments to reflect the current available stock.

Using a systematic approach like ROM ensures that the information remains accurate and up-to-date, reducing the potential for errors that could occur with manual methods. This automation helps in maintaining detailed and precise inventory records essential for effective retail operations. Other methods, such as manual adjustments, standardized calculations, or market value assessments, do not directly correlate to the process for adjusting on-hand quantities upon inventory confirmation in the context of navy retail practices.