Final answer:
The product used to review and validate adjusted stock levels is an inventory management system, which allows for tracking real-time stock movements, reducing errors, and improving efficiency during inventory audits.
Step-by-step explanation:
To review and validate adjusted stock levels, a product used commonly in the business world is an inventory management system. This system allows a company to keep accurate records of their inventory levels by tracking stock movements and adjustments in real-time. The process involves auditing the physical stock against the recorded levels to ensure accuracy. Often this is done using barcode scanners or RFID technology, which helps to reduce errors and improve efficiency.
During the review process, it is important to analyze discrepancies and identify the reasons behind them, such as sales patterns, spoilage, theft, or recording errors. Afterwards, a process of inventory reconciliation is conducted to correct any discrepancies. The use of an inventory management system is crucial for businesses to maintain proper stock levels, ensure customer satisfaction, and minimize losses due to overstocking or stockouts.