After completing your Bachelor Degree in SCM you have joined a company as inventory supervisor. After joining the company your management has informed you that they are facing problems with stock shortages at the end of every financial year, while closing their accounts.

Management want you to find an appropriate solution to this crucial problem, by finding the reasons for inventory(stock) variations, explaining in detail why inventory verification is important and suggesting and implementing suitable system of stock verification in your company.

Your task today is to prepare the proposal for the company suggesting the following;

Reasons for stock variations & steps to avoid variations, Methods of stock verification and Importance of implementing cycle counts in inventory management.

Based on the topics you learnt and understood from Module 5, Briefly write the answers in your own words. (Not more than 1 page)