Test Your Knowledge On Inventory Management?

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:

  1. Do you know the stock turn for all major items of inventory.?
  2. Have you applied ABC methodology on stocks? Continue reading Test Your Knowledge On Inventory Management?
October 26th, 2009 | Tags: , , | Category: Inventory Mgmt | Leave a comment

SOP: Conducting Physical Stock-count

For many financial executives, inventory will take a major chunk of your company’s current asset. It’s therefore important that you should set up a clear policy and procedure for the conduct of the physical stock-count.
Broadly speaking, the policy and procedure of physical stock-count should consider the following areas:

a. Before Physical Stock-count,

b. During the Physical count,

c. After the count

Continue reading SOP: Conducting Physical Stock-count

April 14th, 2006 | Tags: , , , , , , , , , , , , | Category: Financial Operations, SOP | Leave a comment
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