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<br /> <br /> <br />G.4l2 – Inventory <br /> <br />1.0 General Policy <br />The Utility has supplies and equipment that is utilized for electric and water infrastructure <br />construction and maintenance. Inventory management is an important operational issue because <br />it affects capital requirements, costs and customer service. <br />2.0 Recording Inventory Use <br />Employees that utilize inventory are required to accurately record its use as follows: <br /> Determine/estimate items needed to perform the particular project/day’s work; <br /> Remove required items from inventory stock; <br /> Transfer items to vehicle being used to travel to the project/work site; <br /> Upon completion of the project/day’s work, record inventory items used on the <br />inventory sheet to be turned in for record keeping; and <br /> Return any unused items to inventory stock in a timely manner. <br />3.0 Regular Counts <br />On at least an annual basis, inventory counts are to be performed and a reconciliation of any <br />discrepancies completed to account for all inventory used and inventory still in stock. <br />Because there are inventory items that justify more careful planning and attention, such items <br />will be reviewed with higher frequency. Significant items (as identified by purchasing and <br />management) including items costing over $1,000 per piece or high risk items (such as wire with <br />high salvage values) will be counted quarterly. A reconciliation will be performed for any <br />discrepancies to account for all inventory used and inventory still in stock. <br /> <br />182