Mark Boheim and Andy Flach, Protiviti Associate Directors
Amid the crisis of the COVID-19 global pandemic, organizations are scrambling to convert activities traditionally performed in person to remote-friendly processes. Historically, taking physical inventory of an organization’s assets is primarily an in-person and manual process. Thus, the need to avoid physical contact during a pandemic is presenting unique challenges for manufacturing organizations that manage significant volumes of inventory across multiple locations or geographies.
This article explores what has changed the inventory process during the COVID-19 era and shares how companies can adapt their current processes to successfully complete inventory counts.