Managing risks to tools,equipment,inventory,and other physical assets is largely a function of developing and enforcing appropriate business policies and procedures.

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Developing and enforcing appropriate business policies and procedures is essential for managing risks to tools, equipment, inventory, and other physical assets. These policies and procedures should outline guidelines for proper use, maintenance, storage, and security of these assets to minimize the risk of damage, loss, or theft. Additionally, regular inspections and maintenance can help identify potential issues before they become more significant problems.

Managing Risks to Tools,equipment,inventory,and Other Physical Assets Is Largely a Function