Businesses must carry out year-end inventories to meet tax requirements and to gather accurate data for financial statements. For some businesses, a complete physical inventory can be a major ...

All departments are required to perform a complete inventory of their capital equipment once per year. This process is an important control activity designed to safeguard the assets of the University.

One important aspect of ensuring that your small business runs smoothly is to periodically compare written inventory records against the actual physical stock on the shelves and in the warehouse. If ...

6 Tips for Tackling Physical Inventory Counts presents great data on the current state of inventory management, painting a scary picture of inventory management neglect, and makes the case for the ...

Each department with an inventory is required to take a physical count at least once a year to ensure an accurate asset value is reported on the balance sheet and that cost of goods sold is recorded ...

Top menu: ‘Add-ins’> Oracle>Switch responsibility. If this responsibility does not show, you need to request access by submitting an Oracle responsibility request form found on the RIT Service Center ...

A notification has been sent to custodians and financial managers of fixed assets purchased on research awards to make them aware that the federal regulation, 45 CFR Part 75.320 (d), requires that a ...

For those of you who still shut down your facility once or twice a year to review inventory, I have to ask why. With cycle counting, there is no need for such disruption. The best way to ensure ...

Once you’ve tackled the mental world, it’s time to move on to the physical world. If you’ve got a fairly simple web-based side hustle, you’ll have very limited physical needs. “I just needed a laptop, ...

The root of the issue is inventory mismanagement. Physical retailers are painfully aware of revenue they lose due to theft, and all major retailers have loss management protocols to minimize the ...

Supply chain management and the production and storage of spare parts represent something of a sticking point for the global manufacturing industry. Spare and replacement parts have traditionally been ...