It is an audit term which refers to the physical verification of a company’s physical assets, usually inventory, against the stock registry. This process is also known as inventory audit. The purpose of this entire exercise is to remove any discrepancies and ensure that the organisation has an accurate representation of its physical assets. The process was mostly performed once a year. Knowing the precise stock quantity is crucial to success as businesses expand into more territories. It has increased the need for conducting frequent stock audits. MITS offers certified stock audit services across a wide range of industries throughout Pakistan.
It is the first step and involves a detailed discussion between your business and an MITS representative. The purpose is to understand the business nature, the scope of the stock audit, and the expected outcome.
MITS will assess the requirements, and our team of experienced stock auditors will develop a detailed audit plan based on the earlier discussion. The plan and a price will be shared with the business for approval.
The MITS staff will visit the location(s) that are agreed upon in the plan. The team will collect the necessary data as per the schedule. There is an option to perform the audit after business hours to ensure minimal disruption.
The final step is compiling the data into a report in the client’s required format. The report will include action items the business can use to improve its stock-keeping process.
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From last few years, MITS offers on demand and contract based Managed IT Services to its international clients. Our services include; Network Break Fix, Site Audit & Survey, Onsite IT Services, IT Deployment & Rollout, Stock inventory & audit, IT Asset Safe Disposal and many more.
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