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Review of IDR Inventory Control Processes and Implementation of Procedures to Minimize Discrepancies

by Young, Karen

Abstract: At a large university health system, inventory distribution and receiving (IDR) rates fell to 32 percent below the minimum customer requirement of 98 percent. There was no clearly defined inventory control procedure. An independent audit revealed a significant discrepancy in the inventory recorded in the general ledger and the actual IDR inventory on hand. The auditors recommended that management review processes related to IDR inventory control and implement procedures to decrease opportunities for future discrepancies.

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