"Ch 13 Homework. A formal inventory control system (EOQ. MRP. Orit is not used. This is kely to result in both shortages and excess inventory O Purchase requisitions should be reviewed and approved by the originating department manager prior to being processo O "A formal inventory control system should be used to plan purchases to minimize the combined costs of stock outs excess inventory and ordering con Regular physical counts of inventory need to be conducted Discrepancies with the perpetual inventory records need to be promptly investigated Restrict the number of employees who can make changes to the approved supplier ist Periodically penta report of all changes and review them to ensure that they have been approved Criteria for selecting suppliers should include Information on supplier rotably and product quality The system should be configured to track actual supplier performance agent promised delivery dates Reconfigure the system and do not permit receiving department employees to access quantity ordered information Create a policy requiring receiving department employees to always verify the existence of a valid purchase order before accepting delivery Publish and enforce sanctions for wing policy Schedule additional help during busy periods Configure the system to compare quantities received to quantities ordered the system should send discrepancies exceeding a tolerable devation derechy to the purchasing manager The identity of employees removing inventory should be recorded This can be done other by wiping an ibadge or by entering a ser in an einem The system should be configured to print ist of alone time suppers Management should review that the regularly Accounts payable should not be able to create a new supplier records that task should only be done by the purchasing manager The system should be configured to mark supporting document in a voucher packages PAUD sed to pereche