Inventory Risk Assessment Form
Assess inventory-related operational risks to identify vulnerabilities and opportunities for improvement.
How would you rate the current accuracy of inventory records?
*
1
2
3
4
5
Which best describes the frequency of inventory loss, damage, or shrinkage events?
*
Rarely (less than once a year)
Occasionally (1-2 times a year)
Regularly (every quarter)
Frequently (monthly or more)
Select the risk mitigation practices currently in place for inventory management.
*
Cycle counting
Physical security (e.g., cameras, locks)
Automated inventory tracking
Environmental controls (e.g., temperature, humidity)
Segregation of duties
Other
How adequate are the current storage conditions for your inventory?
*
Very inadequate
1
2
3
4
Highly adequate
5
1 is Very inadequate, 5 is Highly adequate
How reliable are your inventory management systems or technology?
*
Unreliable
1
2
3
4
Highly reliable
5
1 is Unreliable, 5 is Highly reliable
How frequently are inventory audits conducted?
*
Monthly
Quarterly
Annually
Never
Rate the level of staff training in inventory handling and risk awareness.
*
No training
1
2
3
4
Extensive training
5
1 is No training, 5 is Extensive training
Please indicate the extent of supply chain dependency for your inventory.
*
Low (mainly internal/owned supply)
Moderate (mix of internal and external suppliers)
High (primarily external suppliers)
Evaluate the following aspects of your inventory process.
*
Rows
Process Documentation
Process Adherence
Process Improvement
Poor
1
2
3
Fair
4
5
6
Good
7
8
9
Excellent
10
11
12
Overall, how would you rate your organization's inventory operational risk?
*
Very low risk
1
2
3
4
Very high risk
5
1 is Very low risk, 5 is Very high risk
Submit Assessment
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