Inventory process controls to protect inventory assets include:
A) warehouse bin location
B) periodic physical inventory counts
C) internal transfer procedures
D) Just-in-time materials acquisition

Question

Quizplus · Accepted Answer

Periodic physical inventory counts are crucial in protecting inventory assets by ensuring accuracy and identifying discrepancies or losses. Warehouse bin locations, internal transfer procedures, and Just-in-time materials acquisition are also important components of inventory process controls but do not solely protect inventory assets on their own.

Inventory Process Controls to Protect Inventory Assets Include