1
|
Conduct of physical inventory count which includes setting up counting
procedures and supervising the counting teams that checks all
quantities.
|
3.21
|
AI
|
1
|
2
|
Keeping of inventory records and verification of inventory listed in the
cooperative’s record with the inventory actually stored in the
warehouse.
|
3.20
|
AI
|
2
|
3
|
Maintenance of audit inventory controls to ensure that all inventory
would go to its intended use and to keep inventory from diverging from
their intended levels.
|
3.18
|
AI
|
3
|
4
|
Keeping optimal level of inventory to reduce the risk of obsolescence,
scrap costs, and warehousing costs.
|
3.11
|
AI
|
4
|
5
|
Planning of inventory purchases and issuances.
|
2.92
|
AI
|
5
|
6
|
Implementing inventory systems such as ordering from suppliers,
receiving of inventory, tracking of inventory movements, maintaining the
volume of inventory, and issuing inventory.
|
2.81
|
AI
|
6
|
7
|
Monitoring of inventory turnover such as identifying how many times an
inventory would revolve for a period.
|
2.73
|
AI
|
7
|
8
|
Training and education of employees in implementing inventory policies
and procedures.
|
2.61
|
AI
|
8
|
9
|
Commitments and availability of suppliers for delivery of ordered goods.
|
2.57
|
AI
|
9
|
10
|
Implementation of inventory systems such as inventory requirements
planning, just-in-time systems, two-bin systems, etc.
|
2.48
|
OI
|
10
|
|
Overall Mean
|
2.88
|
AI
|
|