How often should Ship's Stores inventory be conducted?

Conducting Ship's Stores inventory quarterly is essential for maintaining accurate financial records and ensuring that stock levels are appropriately managed. This frequency allows for timely detection of discrepancies between recorded and actual inventory levels, facilitating efficient loss prevention measures and adjustments in ordering practices. Conducting inventory every three months strikes a balance between maintaining oversight of the inventory and not overburdening staff with too frequent counts. This regular cadence supports effective inventory management, aligns with federal regulations, and helps ensure compliance with Navy supply chain procedures, ultimately contributing to operational readiness and customer satisfaction.