0. Glossary

TERM

Meaning

Role

FRA

Finance Responsible Assigned

Controlling at plant level

PIM

Physical Inventory Manager

Storage, Reception, Delivery and Shipping of stock

GCCO

GBU Cost Control Owner

Controlling at business level

WP2

ERP legacy from Rhodia and Cytec

Syesnqo ERP

PF2

ERP legacy from Solvay

Syesnqo ERP

 1. Definitions

 2. Planning and preparation

3. Perform an accurate count

4. Analysis inventory discrepancies and documentation

5. Validation and accounting of physical inventory adjustment

6. Monitoring physical inventory progress

7. Example of documents to be used