Inventory Management Plan Template
The Inventory Management Plan Template should note specific inventory management objectives (set through meeting with inventory managers and process owners). TM1020-1 INVENTORY MANAGEMENT PLAN should include a general inventory policy, general inventory goals, and inventory notes/comments.
The CFO and other involved Department Managers should meet annually with Top Management to discuss and set overarching inventory policies and practices that are best suited to meet organizational needs and goals. Inventory Management includes all types of inventory, including:
- Raw and Purchased Materials;
- Finished Goods; and
- Resale Goods.