Part 1
Course reading
Inventory control is about trustworthy records and deliberate action on differences. Explain perpetual inventory, physical counts and cycle counting. In ABC counting, A items normally receive more frequent control because of their value or importance; the policy should also consider risk and demand, not value alone.
Practise one discrepancy story. Describe how you froze or controlled movements, checked the count, reviewed bins and units of measure, traced recent receipts and issues, obtained approval and posted the adjustment. Never present an adjustment as the first solution. The purpose is to find and fix the cause.
Know inventory record accuracy, ageing, slow-moving stock, stock in transit and safety stock. Be ready to calculate a simple result: if 96 of 100 counted records match exactly, record accuracy is 96 percent. Explain what tolerance applies and why a recount or root-cause review may still be needed.