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Inventory Management and Control: The Processes, Controls, Reporting, and Technology You Need

A strong inventory control system is a multi-faceted process that requires constant care and attention. Mark Fagan, Partner and Manufacturing and Distribution Practice Leader at Citrin Cooperman, joins LumiQ for a training where he shares strategies for how manufacturing companies can best use processes, controls, reporting, and technology to properly control their inventory.

In this episode, we cover:

  • The goals of a strong inventory control system
  • Proper transaction processes and internal controls within the inventory function
  • Best practices for internal and external reporting of inventory
  • How variances provide companies with information to assess their level of control over inventory
  • Strategies for using specific technology to manage inventory levels

View the training session here:

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