How do I conduct an inventory audit effectively?
To conduct an effective inventory audit, start by planning the audit process, including setting objectives and timelines.
What steps should I follow during the audit?
You should follow these steps: 1) Prepare an inventory list, 2) Count items, 3) Compare counts to records, 4) Investigate discrepancies.
How often should I perform inventory audits?
It's recommended to perform inventory audits at least once a year, but quarterly or monthly audits can help maintain accuracy.
What tools can help with inventory audits?
Tools like inventory management software, barcode scanners, and spreadsheets can streamline the audit process.
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