Optimize your organization’s inventory turnover rates with the tools and best practices included in this blog post. 

1. Non-Routine Transactions Policy

This tool includes two policy samples that establish uniform procedures for identifying and recording a company’s non-routine transactions.

2. Inventory Valuation Policy

This sample outlines a set of policies and procedures for inventory valuation.

3. Fixed Assets Audit Work Program

The six work program samples included in this tool highlight detailed procedures to consider when facilitating a fixed assets audit.

4. Purchasing Policy

This document contains four sample policies that establish standards and guidelines an organization should follow during its purchasing cycle.

5. Physical Inventory Policy

Use this sample inventory policy to perform regular physical tallies of your organization’s raw material, work-in-process, finished goods and store inventories.

Browse our Inventory and Materials Management topic page to see all of the internal audit tools and publications we have published.