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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