These procedures only apply to departments using the CUFS Inventory module. It will be important for the departments with stores to ensure an accurate record of stock is maintained and that stock is allocated accurately within the department.
Month End Guidance
-
Ensure stock is physically secure (on-going).
-
Complete all inventory issues and receipts (ongoing during the month).
-
Undertake monthly stock take or cycle count, check against records and investigate any differences.
-
Run Value of Inventory report to review stock items.
-
Run Material Distribution Retail Report showing issues of stock items with the department.