What Is The Internal Control Of Inventory?

In addition to the inventory management department and warehousing staff, the other departments and personnel should be specially authorized by the relevant departments.

For valuables, dangerous goods or confidentiality articles, more stringent contact restrictions should be stipulated. If necessary, the inventory management department should also carry out authorized contacts.

According to the relevant provisions of the budget and the business characteristics of the system, an enterprise shall compile the budget for purchase, production, storage and sale of the inventory year, quarter and month, and assess the actual implementation according to the budget.

To ensure that the inventory purchase business is carried out according to the planned declaration procedure, the purchasing department shall formulate the purchase plan according to the enterprise production and operation plan and the material requisition form, and put forward the specific purchasing catalogue.

The acceptance of purchased inventory should focus on the consistency of the original documents such as contracts, invoices and the quantity, quality and specifications of the inventory.

Where goods with high technical content are involved, it is necessary to entrust institutions with inspection qualifications or employ external experts to assist in acceptance.

The acceptance of self-made inventory should focus on the quality of products, and check the qualified semi-finished products and finished products to go through the formalities of warehousing. Non conforming products should find out the causes, implement responsibilities and report processing in time.

The purchasing department should fill out the acceptance check list according to the variety and quantity of the acceptance materials; the quality inspection department should check the quality and sign the acceptance list; the storehouse keeping department will check the stock according to the acceptance sheet.

Register the stock ledger and send the invoice, the shipping order together with the receipt to the purchasing department.

Enterprises should formulate and select appropriate ones.

Clear the scope, method, personnel, frequency and time.

Make detailed inventory plan, arrange personnel reasonably, put stock in order, keep inventory record intact, and deal with inventory profit and inventory loss in time.

For special stocks, experts can be hired to conduct inventory checks by specific methods.

Inventory checklists should be compiled in time, and inventory surplus and inventory losses should be analyzed, and suggestions should be put forward.

Enterprises should establish a system of stock keeping, conduct regular inspections of inventory and focus on the following matters:

(1) when stock flows between different warehouses, warehousing procedures should be processed.

(2) storage should be stored according to the storage conditions required by warehousing materials, and fire prevention, flood control, anti-theft, moisture-proof, pest control and prevention of deterioration should be improved.

(3) to strengthen the management of materials, turnover materials and semi-finished products at the production site, so as to prevent waste, theft and loss.

(4) escrow,

The inventory of temporary storage and processing should be kept and recorded separately so as to avoid confusion with the inventory of the unit.

(5) in combination with the actual situation of enterprises, we should strengthen the insurance coverage of stocks, ensure the safety of inventories, and reasonably reduce the risk of accidental loss in inventory.

An enterprise shall specify the authority for examination and approval of the issuance and acquisition of inventories, and special authorization shall be granted for the issuance of large quantities of stocks, valuable commodities or dangerous goods.

The warehousing department shall issue goods according to the approved sales (export) notice.