INTER-OFFICE MEMO

DATE December 29, 2022

TO ALL CONCERNED DEPARTMENTS
FROM PLW Department
SUBJECT MONTHLY INVENTORY COUNT

I. OBJECTIVES

a. To verify the quantity and valuation of inventory items in the warehouse.

b. To reconcile movement of inventory in Netsuite with the actual items received, staged
and delivered by warehouse.
c. Lastly, to improve the organization of inventory in the warehouse.

II. PHYSICAL INVENTORY COUNT SCHEDULE AND REPORT DATE

On these count dates, all movement of inventory will NOT be permitted. Order fulfillment,
request for demo and replacement will be entertained ONLY before and after the inventory
count is fully completed.

Returns and receiving of inventory during inventory count will be accepted but will be stored
separately and will not be counted.
Inventory Officer and Warehouse staffs MUST submit the final and reconciled inventory
report to Accounting Department on or before the determined reporting date. Any
discrepancy, regardless of its nature must be corrected and recorded. Losses will be a primary
responsibility of PLW Department.

Only Internal Audit, Accounting and P&S nominated employees can access the warehouse
during the count.

Prepared by:

Keaster Diaz
PLW Head