What is the focus of a velocity inventory?

The focus of a velocity inventory primarily revolves around the accuracy of stock balance. This concept is crucial because it ensures that the inventory levels reflected in the records match what is physically available. An accurate stock balance is vital for effective supply chain management, as discrepancies can lead to overstocking or stockouts, both of which can significantly impact operational efficiency and readiness.

When conducting a velocity inventory, the objective is to frequently assess and adjust the inventory records, ensuring that they accurately represent the current state of stock. This approach helps to identify and rectify discrepancies promptly, thus maintaining an efficient logistics operation. Inaccuracies in stock balance can arise from various factors such as data entry errors, theft, or obsolete stock, all of which must be closely monitored to prevent disruptions in service and supply.

In contrast, the other options focus on different aspects of inventory management. While tracking high-cost items is important for financial reasons, it does not encapsulate the broader goal of ensuring overall inventory accuracy. Seasonal inventory changes relate to fluctuations in demand and supply patterns, and understanding item age and condition pertains more to the management of inventory lifecycle and quality rather than the immediate need for accurate stock levels.