Current Assessment Inventory Audit
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Inventory Audit

Business Control Assessment

Answer each question with Yes or No based on your current business practices.

50 Maximum Score
Assessment Progress 4%
01 Inventory Visibility & Control
02 Stock Accuracy & Reconciliation
03 Inventory Planning
04 Slow-Moving & Dead Stock
05 Procurement & Supplier Coordination
Question 01 Inventory Visibility & Control

Do you maintain a real-time record of inventory levels?

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Question 02 Inventory Visibility & Control

Can you identify current stock quantities for all major products at any time?

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Question 03 Inventory Visibility & Control

Do you conduct periodic physical stock verification?

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Question 04 Inventory Visibility & Control

Are inventory discrepancies investigated and documented?

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Question 05 Inventory Visibility & Control

Do you have clear ownership for inventory management within your business?

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Question 06 Stock Accuracy & Reconciliation

Does your physical stock usually match your system records?

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Question 07 Stock Accuracy & Reconciliation

Do you reconcile inventory records regularly?

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Question 08 Stock Accuracy & Reconciliation

Are inventory adjustments reviewed and approved before being recorded?

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Question 09 Stock Accuracy & Reconciliation

Do you track inventory losses due to damage, expiry, or theft?

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Question 10 Stock Accuracy & Reconciliation

Do you analyze reasons behind recurring stock discrepancies?

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Question 11 Inventory Planning

Do you forecast inventory requirements based on expected sales?

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Question 12 Inventory Planning

Do you maintain minimum and maximum stock levels?

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Question 13 Inventory Planning

Are purchase decisions based on inventory data rather than assumptions?

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Question 14 Inventory Planning

Do you review inventory requirements before placing major purchase orders?

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Question 15 Inventory Planning

Do you monitor seasonal demand while planning inventory?

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Question 16 Slow-Moving & Dead Stock

Do you regularly identify slow-moving inventory?

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Question 17 Slow-Moving & Dead Stock

Do you maintain a list of dead or obsolete stock?

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Question 18 Slow-Moving & Dead Stock

Do you have a strategy to liquidate excess inventory?

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Question 19 Slow-Moving & Dead Stock

Do you review inventory ageing reports periodically?

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Question 20 Slow-Moving & Dead Stock

Do you assess how much working capital is blocked in unsold inventory?

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Question 21 Procurement & Supplier Coordination

Are inventory purchases aligned with actual consumption patterns?

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Question 22 Procurement & Supplier Coordination

Do you review supplier lead times while planning purchases?

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Question 23 Procurement & Supplier Coordination

Do you avoid bulk purchases solely to obtain discounts?

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Question 24 Procurement & Supplier Coordination

Do you periodically evaluate supplier performance?

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Question 25 Procurement & Supplier Coordination

Do you coordinate purchasing decisions with inventory availability and sales forecasts?

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Assessment Complete

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