41 C.F.R. § 109-27.5007-1   Procedures.


Title 41 - Public Contracts and Property Management


Title 41: Public Contracts and Property Management
PART 109–27—INVENTORY MANAGEMENT
Subpart 109–27.50—Inventory Management Policies, Procedures, and Guidelines

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§ 109-27.5007-1   Procedures.

The following procedures shall be established for taking physical inventory of stocks subjected to quantity controls as well as those under financial control:

(a) Completion of a physical inventory not less frequently than every twelve months.

(b) Reconciliation of inventory quantities with the stock records.

(c) Preparation of a report of the physical inventory results.

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