This tool provides questions related to the purchasing/inventory management process. The purchasing/Inventory process should include receiving, tracking, counting and accounting of inventory and also document the “who, what, when, where and how” of each activity in the process.
Specifically, this tool focuses on purchase orders, inventory, vendor setup, receiving of goods, reconciliation and book keeping/accounting of inventory. Sample questions include: Has a purchase order process been established? Who can order materials? Is there a formal process for purchasing inventory? Who tracks inventory availability? What happens to damaged and stolen inventory?