As the corporate community is increasingly aware of the impact of business activities on society and the environment, many entities are adopting strategies to counter such impact and contribute to the wider community. One such strategy is concerned with inventory management whereby companies donate excess, overstocked, obsolete or outdated inventories to charitable organisations that pass on the donated inventory to those in need. 

Charity Link Australia is a charitable organisation that facilitates donated inventory to families in need. Overseas, Operation Give is a charity that organises donated inventory to individuals in Third World countries. Visit their web sites at www.charitylinkaustralia. org and www.operationgive.org.

Required

(a) Identify the benefits to businesses that make donations of excess inventory.

(b) Outline the procedures for making donations of excess inventory.