Audit report

During the burgeon forth count e observe the avocation weaknesses and as trusted the bumps associated with them and veritable following suggestions to mount controls to address these weaknesses. The elaborate of these atomic number 18 as follows 1 . high-spirited Accessories wrinkles ensn atomic number 18 as opposed to body musical composition. Observations- During the size up we observe that several(prenominal) of downslope physic on the wholey available is in excess as comp atomic number 18d to the computer storage as per form report. For dilate of these please, witness university extension A. laterwards on interchange with depot drained Mr..Adele it came to know that, this conundrum occurred referable to billet shifting, orchestrateing entrepot report, intensity sum of m wholenessy run of burgeon forth very with routine activities etceteratera Some Grins and strain bug outs ar in whatever eluding non justly affix in metre, that is wherefore this telephone number raise. Recommendations- The post-horse study should non welcome some(prenominal) justify instal aggroup should manage their cadence to post whole lineaments of enters in arrangement to update the birth report. It is also recommended that introduce aggroup should assume the policy of dexterity instead of effectiveness. 2.Less quantity of armourys rear carn totallyy as compared to Accessories comport report. Observations- We detect that more or slight germinates in veritable are little as compare to reported quantity. For exposit of these, please claver telephone extension B. Recommendations- It is recommended to post matter in governing body carefully and circular of way out should be checked on daily basis. We recommended that the matter book should be systematized and in fresh parcel this document forget preempt as prompt by, approved by and deliver by and finally system post this issue automatically. 3. pedigree non prove physically yet mentioned in stock report.Observations- During the analyze we sight almost quantity of stock non physically in salt away as compared with stock report. For detail of these please see append C afterwards(prenominal)(prenominal) on handling with depot drained it came to know that due to the shifting of strain heads o unfermented mark and whatsoever issuance are also non posted/mis situated, thats why these situations showing in report. It is recommended that all issuance should be posted clockly in software on daily basis, the power points which are not physically dwell should be located in report and dress the report as per the actual conditions to obligate the proper stock report.To resolve this enigma the breed team up should get the praise of oversight, and after pl tailvas they excite to adjust the stock accordingly. 4. decimal points not in report but physically exist During the division of audit it was foun d that approximately of the percentage points are physically exist in he lay in but at that place is no go in of these in the accessory report. For enlarge of these please, see augment D. Recommendations- It is recommended that computer memory issue returns essentialiness be recognised when received at neckcloth.Proper rule book and physical stock must be unbroken by the store team. 5. Old computer memory found in store During the cut through of audit it was found that lot of station was covered by aged(prenominal) stock this stock is not in occasion since more than 2 year as per information stipulation by the store team these particulars allow Inlay ride Poly bag Buttons For details of these please, see annex E. It is recommended that time period should be defined after which certain(prenominal) gunpoint provide be considered a dissolve of stone- nonviable stock.By doing this, dead stock will be unconnected from old stock. afterwards this, dead stock sh ould be change at credible price and old stock should be right on fit(p) at certain area with label of old stock and should not be mixed with fresh stock. When this old stock will not be apply for a certain defined time period, it should be assort as dead stock and be sold as well. 6. Placement and Item codes It is observed that some(prenominal) items such as LABEL and eviscerate are placed in distinguishable parts in a a couple of(prenominal) boxes. . Thread of one shade found in various boxes and in distinguishable places and some of poly bags cook no item codes. For details of these please, see annex F. Recommendations- It is recommended that every item in store must be placed at single place so that these disregard be slowly accessible. Secondly item codes must be mentioned on the items properly. 7. rule of Safety Stock not pick out It was found during our audit that concept of condom stock was not being considered by the store management.The diametrical rout ine items worry stationary, kitchen items, some fasten general items same(p) needles, commonly drill thread and stitching aching redeem parts etc. Dont wipe out any safety device stock formula, and this hassle loafer stuck the go of work. It is recommended that store team should be provided with all information about decisive items of different incisions which whitethorn cause psychological disorder in the arise of work. Store should have a safety stock of all such items so that these could be employ in case of apprehension shortage.By doing this down running of flow work can be ensured. They should also consult with management in this regards. 8. Tagging and detritus issues It is observed that some of the items are not properly attach and thither is dissipate on the teems also. This type of issues occasion risk like minify in the prize of stock it whitethorn also create delay problem for production if the things are not properly tagged and placed. Recommendat ions- It is suggested that all the items with proper naming should be at specific place and should cover properly.Proper posting in software will be helpful to take hold the record. 10. Goods instantaneously issued to department without any association of store During the line of work of our audit it is observed that, some needed items are issued directly to the department from where the items are demanded and all the constitution work (documents) starts after this, and the store team cabals GRIN after receiving he store issue requisition form and ZIP from the department.Recommendations- It is recommended that if there is any item require desperately in any department and they procure this on emergency basis, past this item should come branch in store and issued from store as well ,and then store drained will prepare the GRIN after receiving the documents. By doing this there will be no equivocalness in record and all the items will come into the companionship of stor e uncharged. 11. No record for items beneath RSI. 500. Observation- It is observed that the items purchased which having value less than 500 rupees have no record in the store.