Excess and obsolete inventory is most frequently discussed issue that affects distributors, manufacturers, and retailers. The inventory signifies massive investment for any business, and if it is not traded for some reason, it consumes warehouse space and increases liability.
This guide explains guidelines for adjustments, disposition, inventory valuation, and reserves.
This policy when implemented offer:
#) Inventory reserves evaluation to identify and review all inventory to proper estimations on a quarterly basis.
#) Proper planning to ensure accuracy on all levels.
This EXCESS AND OBSOLETE INVENTORY POLICY guide are comprised of 7 pages with the 1680 wordcount. Included as Microsoft Word and PDF format, so you can customize it for your own business.
I hope you and your financial controller find it useful!