Respuesta :
The most reliable procedure for an auditor to use to test the existence of a client's inventory at an outside location would be to analytically compare the current-year inventory balance to the prior-year balance.
When you simply have one office or warehouse, managing inventory might be challenging. However, when your company expands and you add more locations, it may become impossible to maintain.
Here are a few tips for managing your business’s inventory across multiple locations.
Analyze inventory usage-
You need fast, high-quality data to make effective business decisions. This holds true for many facets of your company, including inventory control. You can obtain statistics that aid in helping you choose the best course of action for your inventory using a cloud-based ERP system.
Accurate Inventory Tracking-
The inventory numbers for your company are susceptible to inaccuracies. Employees have numerous possibilities to incorrectly count your products, and mistakes may be committed unintentionally during order fulfillment or upon receiving. Errors in your counts can also result from products that are lost or damaged but aren't taken out of your inventory. Naturally, theft can also be a factor.
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