Ten steps that will make a difference today
You are an executive at a major firearms manufacturer. You operate in an intensively regulated industry, where you are expected to physically ID your products down to the component level. There are rules and regulations surrounding how long it takes you to mark, acquire, dispose, and record the history of each item. The rules change often, and are sometimes fuzzy in detail. Misinterpretation can lead to regulatory violations, increased third party oversight and in some cases – loss of license. A lot is at stake, and it does not take hyperbole to make it serious.
One of the most critical parts of operating within the firearms industry, or any commercial industry for that matter, is having an accurate inventory balance. This whitepaper provides best-practice ideas for analyzing your inventory balance and supporting business processes.
In this whitepaper, you will learn:
- Top inventory objectives
- A&D best practices
- Common pitfalls with inventories
- The importance of internal controls
- Policies and procedures
- How to prepare for inventory
- Roles and responsibilities of your inventory staff
- Exception management and technology