3 Year Inventory Review
The Purpose
Inventory Control performs periodic inventory reviews on all
University departments. We follow a 3 year review
schedule, thereby visiting all University departments by the end
of the 3 year cycle.The Process
If a department is scheduled for a 3 year review, it is started
after the receipt of the annual inventory. Representatives
from the Inventory Control visit the department and conduct a
complete physical inventory review.
The review is conducted much the same as an annual inventory, even
using the same inventory report format. Any new changes are noted,
and research and follow up are done to resolve any outstanding
issues. The exception with the 3 year review is that Inventory Control
must see each item listed on the inventory. Any loaned items,
regardless of whether or not a loan form is on file, must be returned to
campus for the purpose of verification.
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