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Inventory Control Manual - Arkansas Tech University

Inventory Control Manual - Arkansas Tech University 2025

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The Arkansas Tech University Inventory Control Manual outlines the procedures and guidelines for maintaining asset records and managing property within the university. It emphasizes the importance of effective property management to protect the university's investments, comply with regulations, and support departmental needs. The manual details roles and responsibilities of the Property Management Office, university management, and departmental coordinators in inventory control, including receiving, tagging, transferring, disposing of equipment, and conducting annual audits. It also addresses specific processes for handling capital and non-capital equipment, trade-ins, sales, and off-campus use of property.

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Click ‘Get Form’ to open the Inventory Control Manual in the editor.
Begin by reviewing the Introduction section, which outlines the purpose and importance of maintaining asset records at Arkansas Tech University.
Navigate to the Overview section to understand property management's significance. This will help you appreciate the guidelines you will be filling out.
Identify specific fields related to your department’s equipment. Use our platform’s text box feature to enter details such as tag numbers, descriptions, and locations for each item.
For any transfers or disposals, locate the relevant forms within the manual. Fill them out directly in the editor, ensuring all required fields are completed accurately.
Once all sections are filled out, review your entries for accuracy. Utilize our platform’s save feature to keep your progress secure before finalizing.

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What are the three main types of inventory?

There are three general categories of inventory, including raw materials (any supplies that are used to produce finished goods), work-in-progress (WIP), and finished goods or those that are ready for sale.

What are the three inventory control systems?

Inventory control systems are crucial for businesses that deal with managing and storing products or materials. There are three primary types of inventory control systems: periodic, perpetual, and just-in-time (JIT).

What is 3 inventory management?

There are several types of inventory management systems that businesses use depending on how they operate. Three examples are manual inventory, periodic inventory, and perpetual inventory. Manual methods are the least sophisticated and least accurate, and perpetual systems are the most sophisticated and most accurate.

How to get into inventory control?

Regardless of a degree, an inventory control management position will usually require a few years of experience in any of the roles mentioned. For those with a degree, two to three years of experience in a supply chain environment may be required before being able to move into an inventory control manager position.

What are the three types of inventory control?

Types of Inventory Control Systems Periodic Inventory Control System. The periodic inventory control system pertains to a recurring count of goods at specific intervals. Perpetual Inventory Control System. ABC Analysis. LIFO and FIFO. Batch Tracking. Safety Stock.

What are the documents for inventory control?

Documents can include inventory records, shipping and receiving logs, bills of lading, purchase orders, and more. Effective document management is crucial because it ensures accurate inventory tracking, streamlines operations, reduces errors and improves compliance with legal and regulatory requirements.

What are the different types of inventory control?

Inventory control involves various techniques for monitoring how stocks move in a warehouse. Four popular inventory control methods include ABC analysis; Last In, First Out (LIFO) and First In, First Out (FIFO); batch tracking; and safety stock.

Inventory Control Manual - Arkansas Tech University 2025

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