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 <title>Executive Guide: Best Practices in Achieving Consistent, Accurate Physical Counts of Inventory and Related Property</title>
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<abstract>This Executive Guide describes fundamental practices and
procedures used in the private sector to achieve consistent and  
accurate physical counts of inventory and related property. The  
Guide summarizes the fundamental principles that have been	 
successfully implemented by companies recognized for their	 
outstanding record of inventory management. It also 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 some of the practices discussed  
may not be applicable to bulk, natural resource, and nonturning  
inventories, such as the Department of Energy&apos;s strategic	 
petroleum reserve.</abstract>
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