Effective handling of inventory is one of the essential components of managing any goods related business. Frequent checking can assist in maintaining stock records (being correct) and not letting any discrepancies pass unnoticed. It is here where inventory audit procedures become significant. There are many ways to approach auditing, but physical and perpetual audits are…
Inventory management is one of the crucial business practices for any business enterprise. It is done by keeping track of the company’s stock goods and by checking for any quality, quantity standards concerning their weight, dimensions, amounts, and location. Inventory management’s primary objective is to minimize the cost of holding inventory by helping business owners…
Inventory management is the method with which the company can keep track of a company’s stocked goods and monitoring their weight, dimensions, amounts, and location. The primary objective of inventory management is to give the business owners a pointer to minimize the cost of holding inventory and also to let them know when it’s time…
Receipt of Material & Quality Checks Review of the gate entry for the incoming material in the inward gate register. Ensure that the weighment / Counting of the incoming material is made properly and correctly at the receiving section. Verify that stamp / acknowledgement of the receipt of the incoming material. The remark should indicate…
