In this segment on Working Capital Management, a section is solely dedicated to the topic on Inventory.
Append are some articles in my other accounting blog to enhance some basic knowledge on inventory:
(1) What is stock and why do we hold stock?
(2) Purchases of Stocks And Its Associated Costs
(3) What is Cost of Goods Sold And […]

Appended below is a small checklist to assess the quality of your stock management.
The questions are outlined in different perspective/areas.
If you score yourself somewhere close to 100%, then rate yourself A+ class on managing your inventory.
Knowledge, Systems & Policy/Procedures:

Do you know the stock turn for all major items of inventory.?
Have you applied ABC methodology on […]