Topic > Case Study Fresh Food People - 782

So, all inventories are finished products that are initially stored at the time of sale and then such inventories are placed on the store shelves. There are two types of risks associated with this business operation, including supply chain risks and product risks. The product may be damaged during the journey from delivery to the store, such as theft, theft and so on. Therefore, there is a risk of inadequacy of physical inventory at the company's store. Secondly, the growth of the business is completely dependent on organic food lovers. Therefore the risk is associated with the demand for these food products. The company, however, effectively managed risks related to the physical security of inventory. For example, the company's management recently conducted a program related to periodic inventory control processes. However, this is not a comprehensive approach to managing physical inventory counting. By organizing “unannounced inspections” it is possible to ensure better integrity of these inventories. On the other hand, all sensitive and confidential inventory details must be protected with the implementation of “block-proof data security and reliability” system procedure. The inventory cyclical review system must be verified by the management of The Fresh Food People Store to maintain complete inventory records. In short, it is highly desirable that management should undertake enhanced physical security and “inventory control mechanism” to safeguard collections of