40 ISSUES: 39. Parts/Stores/Supplies

Inventory Management.

• Does the inventory management system enable the maintenance of an in-depth detailed control on inventory?
• Can each part be cost analyzed to ensure it contributes to the company profits?
• Is there a system of monitoring inventory levels and their effect on the company's profits?
• Has the cost of sales been included when figuring the selling price of inventory or service?
• How is the inventory level affecting the company's tax position?
• Do I have policies and procedures in place that will balance lost time and sales against the costs of inventory?