The purpose of this work program is to provide the general steps used for an inventory audit of a distribution center for consigned inventory, including reviewing the shipping and receiving processes and inventory cycle counts.

Inventory audit steps include: 

• Conducting project planning, scope setting and auditee requests/coordination
• Developing work program and other reporting templates
• Coordinating meetings with key process personnel
• Collecting and reviewing self-assessment forms
• Understanding and documenting the process
• Obtaining and reviewing written and "desktop" policies and procedures and organization charts for each area
• Gaining an understanding of the organizational structure, scope of activities, and roles and responsibilities of personnel