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Inventory Management Procedure & Stock Count Work Instruction

Horizontales
All counts are labeled for easy Identification of _________
All ________ production is complete and finished goods transferred prior to the inventory count
Stock items should be grouped ... where the ____ is used.
Name given to stores with a consistently high variance
On completion of the counting, ... compared to ______ stock balances.
The count must be conducted in a _____ and systematic manner .... no stock item is omitted.
_________ Centers logs variances for counts on the Regional Distribution Variance Report
Participates at End of Year Stock Counts
Teams must be assigned specific areas of warehouse/store to avoid ______ counts.
A minimum of ____ persons constitute an authorized count team
Responsible for reviewing and monitoring of all data transfer processes
All variance reports must be accompanied with an explanation for variance and ______ ______ _____
+/-0.1% is the inventory variance tolerance level for which deparmtent
One person will perform the role of Counter which the other person acts as _______.
Verticales
All defective and/or ________ stock ..... to be counted
Prior to the day of the stock count, _______, obsolete and slow moving ..... good inventory.
Updates the raw material inventory database
Pre-numbered, _____ stock count sheets should be distributed to count team members
Scope is Quarterly stock count at all Harris Group of Companies
The last sequential numbers ... should be traced to the _____ inventory records for completion
Inventory not belonging to Harris Paints should be identified, separated and then ____ from the count