The importance of the usefulness of internal control in inventories.steemCreated with Sketch.

in hive-175254 •  2 years ago 
For a long time, the inventories gave place to cover the necessity that the man presented to be able to control and to organize his goods, that is to say, to have a better control and to administer the belongings that they have and thus to be able to manage to quantify for his due use.

Therefore for him, it is also essential to have the internal control management that can provide a reliable verification, as well as the intervention and inspection of the existence of the inventory at any time of the economic period and to be able to evidence the same would be complete without any shortage..

In this sense, we can emphasize that the inventory is used in companies as an easy and practical way to corroborate the physical with the records and also allows you to have control of the goods.

On the other hand, it is also said that it is the one that states that existence exists and also provides us with priority elements to take decisions in strategic planning.

Meanwhile, for its tactical administrative development, it is required to be accompanied by procedures provided by internal control, such as data from a vision focused on equality, morality and efficiency.

In this context, the organizational management as well as the accounting in the business environment of the inventories; manages to establish an organizational plan as well as all the methods and procedures with the only mission is to be able to safeguard the active goods and to have a reliability of all the accounting records.

For these fundamental and transcendental reasons in companies, inventory systems must promote the effective control of all the goods that are administered, in order to provide management with data that can be used for effective decision making.

Therefore, all companies regardless of their size, activity, location and corporate name must use internal control processes to have a secure and concrete position of their inventories and how they manage them.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
image.png
please click it!
image.png
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)

The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.

@tipu curate

Greetings @ tipu
Thank you very much for your support

Hello dear friend, internal control is critical to effective inventory management in any company. Internal control helps ensure that inventory records are accurate and reliable, which in turn can help prevent costly errors and reduce the risk of loss or theft. In addition, internal control can also improve efficiency and productivity by facilitating the identification of areas for improvement in the inventory management process.

Greetings @carlir
I fully agree with your comment my dear friend, it is essential and transcendental to apply controls to improve processes and make adjustments, even more so in inventories.