Inventory physical count process: A best practice discourse
The inventory physical count is an activity conducted by firms to confirm and inspect physical inventory balance to book balance. The inventories are one of the major expenditure for the firms particularly the manufacturing industries which materially influence the financial results. For reliable f...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
ExcelingTech Publishers
2015
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/16069/1/10.pdf |
| _version_ | 1825803641765756928 |
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| author | Chandren, Sitraselvi Nadarajan, Santhirasegaran Abdullah, Zaimah |
| author_facet | Chandren, Sitraselvi Nadarajan, Santhirasegaran Abdullah, Zaimah |
| author_sort | Chandren, Sitraselvi |
| collection | UUM |
| description | The inventory physical count is an activity conducted by firms to confirm and inspect physical
inventory balance to book balance. The inventories are one of the major expenditure for the firms particularly the manufacturing industries which materially influence the financial results. For reliable financial results, firms need to organize inventory physical count in effective and efficient manner with best practices for quality inventories balance results.The results of the inventory physical count are essential to firms financial reporting as inventories influence
on the firm performance and position. The correctness in inventory balances provides assurance to financial performance and position of firms.Thus, the purpose of this paper is to elaborate on the operational aspect of inventory
physical count in terms of the roles played by the
management and personnel in-charge of inventory physical count and how inventory physical count is organized and conducted from the beginning stage to ending stage.This paper provides a clear understanding of the general inventory physical count process including the best practices of this process as a strategy to achieve the desired inventory physical count results. This paper will be a guide on inventory physical count process to academic, practitioners and knowledge to students. |
| first_indexed | 2024-07-04T06:00:24Z |
| format | Article |
| id | uum-16069 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:00:24Z |
| publishDate | 2015 |
| publisher | ExcelingTech Publishers |
| record_format | eprints |
| spelling | uum-160692016-04-12T08:24:08Z https://repo.uum.edu.my/id/eprint/16069/ Inventory physical count process: A best practice discourse Chandren, Sitraselvi Nadarajan, Santhirasegaran Abdullah, Zaimah HD28 Management. Industrial Management The inventory physical count is an activity conducted by firms to confirm and inspect physical inventory balance to book balance. The inventories are one of the major expenditure for the firms particularly the manufacturing industries which materially influence the financial results. For reliable financial results, firms need to organize inventory physical count in effective and efficient manner with best practices for quality inventories balance results.The results of the inventory physical count are essential to firms financial reporting as inventories influence on the firm performance and position. The correctness in inventory balances provides assurance to financial performance and position of firms.Thus, the purpose of this paper is to elaborate on the operational aspect of inventory physical count in terms of the roles played by the management and personnel in-charge of inventory physical count and how inventory physical count is organized and conducted from the beginning stage to ending stage.This paper provides a clear understanding of the general inventory physical count process including the best practices of this process as a strategy to achieve the desired inventory physical count results. This paper will be a guide on inventory physical count process to academic, practitioners and knowledge to students. ExcelingTech Publishers 2015-09 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/16069/1/10.pdf Chandren, Sitraselvi and Nadarajan, Santhirasegaran and Abdullah, Zaimah (2015) Inventory physical count process: A best practice discourse. International Journal of Supply Chain Management (IJSCM), 4 (3). pp. 87-93. ISSN 2050-7399 http://ojs.excelingtech.co.uk/index.php/IJSCM/article/view/1111 |
| spellingShingle | HD28 Management. Industrial Management Chandren, Sitraselvi Nadarajan, Santhirasegaran Abdullah, Zaimah Inventory physical count process: A best practice discourse |
| title | Inventory physical count process: A best practice discourse |
| title_full | Inventory physical count process: A best practice discourse |
| title_fullStr | Inventory physical count process: A best practice discourse |
| title_full_unstemmed | Inventory physical count process: A best practice discourse |
| title_short | Inventory physical count process: A best practice discourse |
| title_sort | inventory physical count process a best practice discourse |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/16069/1/10.pdf |
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