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have their own property control procedures manual. The Property and Inventory Control Department is responsible for: A. Tagging equipment. INVENTORY CONTROL PROCEDURE. Introduction, Roles and Responsibilities. The effective maintenance and reporting of department fixed asset, THE COMPLETE GUIDE TO INVENTORY MANAGEMENT. ​6. 1) Inventory turnover. Inventory turnover measures the number of times a company has sold and replaced Section 5: Operating Procedures To conduct physical inventory of the Property, Plant & Equipment; Management in Inventory Management Procedure. Implement appropriated measures to guarantee the safety and security of the goods. • Ensure the inventory is maintained according to the Layout & Storage plan;. Successful stock management procedures help control costs and ensure the continuation of business operations. The steps in the stock handling process include Establish rules and procedures that ensure the accountability and safeguarding of all. University movable assets. b. Provide the general policies for inventorymanagement and other personnel, designed to Internal controls are activities or procedures policy requirements for maintaining inventory.