Physical Inventory – Hub Stock Process
2024-10-28 18:55:45 0 Report
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This flowchart outlines the comprehensive process of conducting a physical inventory for hub stock, emphasizing collaboration among sellers, suppliers, and logistics. The process begins with sending an inventory report to the seller and supplier, followed by investigating any discrepancies. A stock take is scheduled, requiring agreement with both the seller and logistics, and materials are blocked for posting. The creation of an inventory count document is crucial, with a full stock take conducted annually in the presence of auditors. Finally, inventory differences are posted, ensuring accurate stock management and accountability across all storage locations.
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Outline/Content
Send inventory report
Seller
Supplier
Investigate reason for discrepancy
WVINVE
Carry outstock take
Agree with Seller on stock take date
Block materialsfor posting
Agree with Logistics on stock take date
Physical Inventory – SEMC Hub Stock
Logistics
Create inv. count document
4C1
One full stock take is carried out per year. Auditors shall be present.One inventory report per vendor (storage location) is sent to Seller
Postinventorydifferences
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