Materials and Inventory Management Policies and Procedures

Inventory Management

Policies and Procedures

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If people are the key players in materials and spare parts management, then the policies and procedures are the rules of the game. It is the policies and procedures that communicate expectations and set the guidelines for action. The right set of inventory management policies and procedures will help you to:

Standardize requirements
Set guidelines
Communicate expectations

Over the years we have developed an extensive data base of materials and spare parts management policies and procedures. These documents can be used as guidelines for developing your own specific policies and procedures. Of course every company will have different approaches or different needs for any given situation but the basics and points to cover in the policy should be similar - this is where our database can help.

Access Our Extensive Data Base

Policies

Policies are all about intent, they communicate the what, in terms of what is expected to be done. Our files include:

Corporate inventory policies
Operational policies
Inventory control policies
Guidelines to identify critical and other spares types
Stock level policies
Stocking guidelines
Spares maintenance policies

And of course we continue to develop and evolve these and other policies on a regular basis.

Procedures

Procedures communicate the how so that everyone understands the approach and our expectations of ourselves and others. Our files include:

Inventory Management procedures, including:
- Issue and reordering of items
- Materials transfer
- Returns to store
- Management and disposal of obsolete items
- Materials codes and cataloguing
- Planning and conducting stock takes
- Materials management definitions
Storeroom organization guidelines
Storage guidelines
Spares maintenance procedures