Inventory Audit

Inventory Audit

Keep an accurate record. Prevent pilferage.

Stan Professionals

Movement of inventory is the very basis of a goods based business; everything else is an allied activity. This makes it a very important function.

In such assignments we:

  • Conduct physical verification of inventory
  • Maintain proper inventory documentation
  • Compare actual and book inventory, and document reasons for variances
  • Determine the causes for shrinkage
  • Check for internal controls
  • Conduct a data analysis on inventory to identify value enhancing opportunities
  • Check for optimisation of freight and transit costs
  • Prepare a report of our findings with actionable suggestions

Such assignments involve using smart devices, barcode printers, and scanners; which our team is adept at using.

If you'd like our help – write to us or schedule a virtual meeting.