The Inventory Management Policy and Procedure minimizes inventory and costs of inventory ownership. The Procedure ensures the best inventory practices are employed and align with overall company financial objectives and meet operational needs. It applies to all departments involved in managing inventories including the Finance, Accounting, Purchasing, Sales and Operations. (10 pages, 1455 words)

Activities Covered in the Inventory Management Policy Procedure

• Inventory Management Overview
• Inventory Management Planning Inventory Management
• Reviewing the Inventory Management Plan
• Improving Inventory Management

Forms Included in the Inventory Management Policy Procedure

• Inventory Management Plan Form
• Inventory Management Results Form