Executive Guide: Best Practices in Achieving Consistent, Accurate
Physical Counts of Inventory and Related Property (01-JUL-01,
GAO-01-763G).
This draft Executive Guide describes the fundamental practices
and procedures used in the private sector to achieve consistent
and accurate physical counts of inventory and related property.
It summarizes the fundamental principles that have been
successfully implemented by companies recognized for their
outstanding record of inventory management. Also, it explains and
describes leading practices from which the federal government may
be able to draw lessons and ideas. This guide applies to most
forms of federal inventory, but certain of the discussed
practices may not be applicable to various types of bulk, natural
resource, and nonturning inventories, such as the Department of
Energy's strategic petroleum reserve.
-------------------------Indexing Terms-------------------------
REPORTNUM: GAO-01-763G
ACCNO: A01536
TITLE: Executive Guide: Best Practices in Achieving Consistent,
Accurate Physical Counts of Inventory and Related Property
DATE: 07/01/2001
SUBJECT: Inventory control systems
Private sector practices
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GAO-01-763G
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