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: