Test mathematical accuracy of perpetual inventory records.
Produce reports of unusual inventory quantities, costs or descriptions.
Identify old or inactive inventory for obsolescence.
Produce reports of recent shipments of inventory for cut-off testing.
Compare recent invoice prices to costs on perpetual inventory observation.
Select items to be counted during physical inventory observation.
Compare inventories across multiple plant codes to see if there are any situations that would result in shortages of a particular part
Select inventory items for detailed testing.
Produce reports of changes in unit costs from prior year.
Produce reports of inventory by class in value order.
Identify raw materials related to obsolete finished goods.
Test mathematical accuracy of allocation of over- or under-absorbed overhead costs.
Produce reports of changes in product costs or quantities since physical inventory or interim date.
Produce reports of obsolete, excess or slow moving inventory.
Analyse gross margin by product.
Produce reports of products where costs exceed market value.
Test accumulation of inventory balances.
Analyse the parts and materials database to identify inactive records (this canhelp cleanup the database saving significant space on the computer system)
