Monthly Cyclic Stock Inventory Sample Clauses

Monthly Cyclic Stock Inventory. The contractor shall conduct a monthly cyclic inventory of stock consisting of 10% of the total stock line items. If, on the monthly cyclic inventory, the discrepancy for any one line item (either positive or negative) exceeds $10,000 in replacement value or if the aggregate discrepancy (disregarding the positive or negative sign associated with the discrepancy) for that entire monthly inventory exceeds $25,000 in replacement value, then conduct causative research and complete an Inventory Adjustment Report. If theft is suspected, regardless of dollar value, immediately notify the COR and contact the local law enforcement agency. The results of these inventories shall be reported to the COR no more than one week after each cyclic inventory is completed.
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Related to Monthly Cyclic Stock Inventory

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