Executive Guide: Best Practices in Achieving Consistent, Accurate Physical Counts of Inventory and Related Property.

摘要

This Executive Guide presents processes and controls used by private sector companies recognized as excelling in their ability to manage inventory and achieve consistent and accurate counts of physical inventories. Federal agencies effectively implementing these practices can resolve significant weaknesses in the federal government's property and inventory accountability and financial reporting by improving the accuracy of data being used for budgeting, financial, and logistical and operational management decision-making purposes. The practices presented are widely adaptable to a variety of inventory types, volumes, and dollar values. Management should determine the extent to which the practices are applied based on their assessment of the objectives of the count, characteristics of the inventory, capabilities of the inventory system, effectiveness of the system of internal controls, and availability of the organization's resources. The conceptual issues discussed in this guide are focused on inventory and related property, and under certain circumstances may be applied to property, plant, and equipment. Appendix IV lists other related publications that provide further guidance and information on related topics of financial management, human capital management, and system controls and requirements.