1. After each warehouse count, the Finance responsible assigned prepares an inventory report that includes:
- A physical inventory summary description (inventory type, scope, coverage rate, list of adjustment…)
- A list of the people who participated to the count
- An explanation of the most significant variances in quantity/ value (above the fixed threshold)
- A signature (hand written or by mail) of the report by all the people having responsibilities in the count (supervisors of counting team and of key-punching team, inventory manager)
- Validation by the Finance Manager or the Business Controller, the plant manager and the Enterprise Supply Chain Director when the sum of the adjustment is above a threshold defined in the procedure
2. Every month, the Finance responsible assigned prepares a “cycle counts monthly recapitulative report” that includes:
- An explanation of the most significant variances in quantity/ value (above the fixed threshold)
- Validation by the Finance Manager or the Business Controller, the plant manager and the Enterprise Supply Chain Director when the sum of the adjustment is above a threshold defined in the procedure
3. Every quarter, the Finance responsible assigned updates a progress report on physical inventories.
