Besides taking inventory counts, what other steps or controls can be put into place to protect...

Besides taking inventory counts, what other steps or controls can be put into place to protect the physical and financial value of inventories? Note at least 3 steps or controls for this question. You can discuss any physical controls (i.e. non-computer based) as well as automated controls (i.e. computer based).
What is the goal for you each control you noted?

Expert Solution

ekkarill92 answered 2 years ago

Besides taking inventory counts, what other steps or controls can be put into place with regards...

Besides taking inventory counts, what other steps or controls can be put into place with regards to inventory? Discuss any physical controls (i.e. non-computer based) as well as automated (i.e. computer-based) controls that can be implemented to safeguard inventories. What is the goal for each control you noted? Please indicate at least 3 controls or actions that can be taken to help minimize loss of inventory and maintain accurate inventory records.

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