LOGISTIC INVENTORY POLICIES

SENA TRAINING VIRTUAL DEGREE

LOGISTICS INVENTORY POLICIES

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 Table of Contents

Introduction....................................................................... 3

Objective.............................................................................. 4

Inventory policy ............................................................ 5, 8

Prayers 9

Conclusion.......................................................................... 10

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 INTRODUCTION

Every business organization needs to demonstrate its ability to supply products or

services in a timely manner. To survive in the market is something more: it is to
satisfy needs in a competitive way.

Customer satisfaction is a proportional response to perceived quality. The

Inventory Policy should be designed with the purpose of minimizing the logistical
costs.

The correct selection of the Inventory Policy contributes to increase the profitability
of the management, the lower the logistics costs the more efficient the process

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 OBJECTIVES

To maximize investmentreturn, meeting the needs of the market.

Provide or properly distribute the necessary materials to the company,

making it available at the indicatedtime, to avoid cost increases or losses.

Formulating policies that ensure optimum levels of inventory will set the standard
for proper inventory management where the efforts of the functional areas are
unified.

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 TYPE OF INVENTORY

In our Training Projects we chose a cyclical inventory because it is a counting and

control method in which inventory is counted at regular intervals during the fiscal
year. These intervals (or cycles) depend on the cyclical inventory indicator
established in the materials.

10 PRAYERS OF IMPLEMENTATION POLICIES

Physical Inventory: Process by which random references are audited or all of the
references that are in inventory in order to compare physical stocks with kardex,
using the CGUNO system.

CG-UNO: Accounting system, used to carry out internal control of accounting and
commercial information of the company. The updating of all commercial
movements is done through the CG-UNO module.

Inventory card: Pre-printed format, in which the physical content of the company's
products is recorded

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Scheduling Physical Inventory: In order to carry out the physical inventory, the
Fiscal Reviser must inform 3 weeks in advance of the days in which the physical
inventory will be taken, confirming the start date and the date of completion, so that
all areas of the company have updated And reviewed the different transactions in
the trading system, such as entries, exits, transfers, orders, invoices,
reclassifications if applicable.

Organization and preparation of warehouse and their products: To make the

physical inventory, all the products that are in the different warehouses of the
company must: Be correctly identified with their description, reference and code.
Be located on the shelves or on stowage, with a logical organization within the
warehouse, according to the type of product, to clearly identify its location. Be
properly separated to avoid confusion at the time of counting.

Placing inventory cards: For the proper fulfillment and placement of inventory
cards you must take into account: Review the consecutive cards that will be filled in
to have a record of them. Complete the cards with all the information requested
(description, code, reference, unit of measurement, location). Place the cards in
each location where there are products, verifying that the information mentioned
above corresponds.

Conformation of the counting groups: To perform the counts, Groups of 2 or 3

people must be formed, according to the volume of merchandise to be counted,
taking into account that each of the groups must include a person who knows the
merchandise to be counted very well.

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Physical counting: To count the products, you must:
A. Locate the counting group at one end of the storage site, to start the first count
of the products found there
B. Perform the counting of the products and record on the inventory card, in the
box where the count counts. For cases in which the merchandise is in boxes, they
must be opened and verify the quantity that is in them
C. Detach the part of the card corresponding to the first count and continue with
another product
D. When the counting of the products of the same location is completed, the cards
are delivered to the Tax Auditor or the person who designates him.
E. The group ending with one location must be relocated to another, to start the
second count. The second count can not start if the complete location to be
counted does not have finished the first count, and the first count has been
removed
F. Once the count is started, steps b, c and d are repeated, taking into account that
the registration is performed on the part of the card corresponding to the second
count
G. In cases in which the first and second counts of the same card have differences,
the third count must be made by one of the directors of in be reborn together with
the person appointed by the tax auditor.

Typing of the counting information in the CG-UNO system: As the counts of

products are completed, the cards are delivered to the person in charge of
performing the digitization so that the data are loaded into the system.

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Preparation of the report: The system compiles a report, which compares
physical with virtual stocks, this information is analyzed by the tax auditor, who
requests the explanations corresponding to the differences, and authorizes
adjustments to the inventory once it considers it appropriate.

Justification for differences in inventory: When there are differences between

physical and virtual inventory, the warehouse manager must present a detailed
report of the reasons why there are differences, so that the Tax auditor can take the
actions he deems necessary.

FLUJOGRAMA

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 devotions

1. Leadership is in the most subtle differences, in communication, prices,

deadlines; In the satisfaction of the client's expectations.

2. Every business organization needs to demonstrate its ability to supply, in a

timely manner, products or services.

3. The correct selection of the Inventory Policy contributes to increase the

profitability of the management, the lower the logistics costs the more
efficient the process.

4. Inventory Policy should be designed on viable optima with the purpose of

minimizing the logistical costs.

5. To survive in the market is something more: it is to satisfy needs in a

competitive way.

6. Must aim to maximize return on investment, meet market needs, Provide or

distribute appropriately.

7. Another important factor is the synchrony with suppliers and distribution

centers.

8. All functional areas must subordinate their specific indicators to the general
objectives of the business plan.

9. It is a set of policies and controls that manage the levels of inventories and
determines how much, when and in what way should be replenished.

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10. Inventories represent goods destined for sales in the normal course of
business.

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 CONCLUSION

It is a set of policies and controls that manage the levels of inventories and
determines how much, when and in what way it should be replenished. Maximize
customers service and minimize inventory investment.

Inventories represent goods destined for sales in the normal course of business.

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