What is your opinion on this statement in terms of the
objectives of a good equipment inventory control system?
Our textbook states that inventory controls should ensure that
quantities received are accurately recorded, accounted for until
used, stored in an accessible manner, and kept safe from loss due
to theft, damage and deterioration. Effective inventory control
requires cost-effective receiving, storing, and accounting systems.
It also requires periodic physical counts of inventories,
comparison of the physical counts with perpetual inventory records...