Risk

All materials aren't counted   

Objective

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

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

Control description

FRA

1. updates plant inventory procedure and control 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 physical coverage rate for year end.

Former Controls

IAC 04.13.00.01 / IAC 04.13.00.03 / IAC 04.13.00.04