Executive Guide: Best Practices in Achieving Consistent, Accurate Physical Counts of Inventory and Related Property
GAO-01-763G
Published: Jul 01, 2001. Publicly Released: Jul 01, 2001.
Skip to Highlights
Highlights
This draft Executive Guide describes fundamental practices and procedures used in the private sector to achieve consistent and accurate physical counts of inventory and related property. It summarizes the principles that have been successfully implemented by companies recognized for their outstanding record of inventory management. It also explains and describes leading practices from which the federal government may be able to draw lessons and ideas. This guide applies to most forms of federal inventory, but some of the discussed practices may not be applicable to various types of bulk, natural resource, and nonturning inventories, such as the Department of Energy's strategic petroleum reserve.
Full Report
Office of Public Affairs
Topics
Best practicesInventory control systemsPrivate sector practicesBest practices reviewsData errorsPerformance measuresInventoriesFinancial reportingInventory controlLarceny