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Inventory Controls to Prevent Waste and Theft – SCG Chartered Accountant

Inventory Controls to Prevent Waste and Theft – SCG Chartered Accountant

Submitted by • May 11, 2020

Retailers, wholesalers, and manufacturers are typical businesses that hold inventory (stock). Inventory comes with risks such as damages, theft, and obsolescence. It also ties up capital and has related administrative costs. You can lose money on inventory. But you don’t want to lose money so you must put in controls over inventory. The types of controls you need depend on the type, volume, and value of inventory.

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