Risk : All materials aren't counted

Objective : FRA ensures that plant physical inventory procedure is updated every year, that physicak count coverage comply with group rules and that auditors can supervise physical inventory organized during Q4.

Process description : Physical inventory objective is to check the existence and ownership of inventories.

Control description : FRA :

1. updates plant inventory procedure and cotrol compliance with group rules
2. coordinates with Physical Inventory Manager (PIM) execution to reach defined targets at end of September and of December
3. publishes last quarter physical inventory planning and require GCCO validation for exceptions to the rules defining the physicak coverage rate for year end.