Physical Inventory
Physical Inventory
|
Prepared By: |
[Your Name] |
|---|---|
|
Company Name: |
[Your Company Name] |
|
Date: |
[Date] |
Welcome to our Annual Physical Inventory Audit. This comprehensive document is designed to assist in conducting annual audits to ensure the accuracy of inventory records and identify any discrepancies.
|
Item Description |
Location |
Quantity on Hand |
Quantity Counted |
Discrepancy |
|---|---|---|---|---|
|
Product A |
Warehouse A |
100 |
98 |
-2 |
|
Product B |
Warehouse B |
75 |
80 |
+5 |
|
Product C |
Storage Room |
50 |
52 |
+2 |
|
Equipment X |
Production Area |
10 |
10 |
0 |
|
Raw Material Y |
Warehouse C |
200 |
190 |
-10 |
Notes:
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Ensure all items are accurately labeled and easily identifiable during the audit process.
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Document any damaged or obsolete items encountered during the audit for appropriate action.
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Consider implementing barcode scanning or RFID technology to streamline the inventory counting process in the future.
