Stock audit

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ATUL

ATUL (Querist)
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22 February 2013 anyone can provide manual for stock audit of real state company

Sanket

Sanket (Expert)
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22 February 2013 Description Yes No Remarks
ON INVENTORY LEVELS
1. Is too much money tied up in your inventory?
2. Do frequent shortages in inventory occur?
3. Does an excessive inventory discrepancy occur?
4. Is there are a lot of obsolete and/or non-moving items on stock?
ON INVENTORY INFORMATION / POLICIES
1. Does the company have realistic safety stock levels?
2. Does the company have realistic reorder point levels?
3. Does the company have realistic inventory lead times?
4. Are inventory control policies and procedures adequately documented and communicated to all concerned departments?
INVENTORY MONITORING
1. Are inventory records kept up- to-date for all materials?
2. Are inventory records regularly verified by actual count?
3. Are incoming and outgoing materials / goods properly checked, authorized and logged in/out?
4. Are surplus and scrap items properly recorded and controlled?

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