PROJECT PROPOSAL COVER SHEET

(to be completed by the student)

AIB student ID number:

A001213028

Student name:

ADASA EDWARDS

Adelaide/DL/Teaching
Centre:
Course/specialisation:

SCHOOL OF HIGHER EDUCATION LIMITED

MBA (LOGISTICS AND SUPPLY CHAIN
MANAGEMENT

Subject matter:
(i.e. which subject from the
MBA course is the Project
SUPPLY CHAIN MANAGEMENT
Proposal
mainly
related
NB: If you
are to)
doing a specialised MBA the Subject most related to the Project Proposal
MUST be related to the area of specialisation in order to receive the specialised degree.
An investigation into the Inventory Management System
Title:
employed at Kennscott Limited
Word count:

1459

DECLARATION
By submitting or causing this document to be submitted, you, the above-named student,
confirm that:
1. You understand the consequences of plagiarism and confirm that you have not
plagiarised any other persons work in this Project Proposal and except where
appropriately acknowledged, this Project Proposal is your own work, has been
expressed in your own words, and has not previously been submitted by anyone else.
2. You have obtained consents from the organisation(s) to be studied and will retain
CHECKLIST
Please complete the following checklist before submitting this Project Proposal:
Have you completed all sections of this cover sheet?
Have you adhered to the word limit (noting that penalties will apply if you do not)?
Where the research project is based on an organisation, have you obtained the
written consent of the authorised person in that organisation and attached the letter
of consent to this Project Proposal?
Is your document in Microsoft Word format? AIB will not accept any other
formats.
Is your document saved as #Student ID Your First Name Last Name Project
Proposal? For example, the document is saved in the format #A001428504 Jane
Citizen Project Proposal.

PROJECT PROPOSAL RESEARCH ETHICS SHEET

(to be completed by the student)
AIB student ID
number:
Student name:
Project title:

A001213028
Adasa Edwards
An investigation into the Inventory Management System
employed at Kennscott Limited

Please answer the following questions, read the ethics declaration and submit
with the Project Proposal.

Yes

No

RISK FACTORS
o Does the project involve experiments or intrusive procedures on human
subjects?

o Does the project involve children or young people?

o Can the project cause physical or mental harm to the participants?

o Can the project cause any conflict of interest, say, where there is a
dependent or unequal relationship (e.g. employer/employee or
landlord/tenant) which may advantage or disadvantage an individual?

o Does the project involve participants with disability?

o Does the project involve people who may be involved in illegal activities?

o Does the project involve the participation of Indigenous, Australian

Aboriginal or Torres Strait Islander people?

o Is there a risk of litigation for the participants or their organisation?

o Does the project involve people who are superiors or subordinates of the
researcher?

ETHICAL RESEARCH REQUIREMENTS

o Does the project have procedures for informed consent by the
participants?

o Does the project have procedures for maintaining confidentiality of the

participants and information gathered?

o Does the project proposal include an effective written section about ethics
relating to this project?

ETHICS DECLARATION
By submitting this form with the Project Proposal, I acknowledge that I have read the
ethics section in the Learning Materials, am aware of the general ethics requirements
relating to research, have designed this project to meet the ethics guidelines and will
conduct the project in an ethical manner.
Research ethics assessment outcome:
(to be completed by the assessor)

Approved
Not Approved

Comments

PROJECT PROPOSAL FEEDBACK FORM

(to be completed by the assessor)
AIB student ID
number:
Student name:
Course/specialisation:
Introduction
Background information provided
Research problem clearly articulated / defined
Focus for the study
Research purpose stated
Appropriate research questions identified
Significance of project identified
Project is feasible
Project related literature summary
Connection to an aspect of MBA studies
Alignment with MBA specialisation (not required for MBA
generic)
Literature cited
Literature aligned with project title and with problem statement
Research methodology
Research method explained and justified
Data collection methods explained and justified
Collection of primary data included
Questions to be asked from participants stated
Research approvals obtained
Ethical considerations
Ethics issues identified
Use of consent forms explained
Research Ethics Sheet completed
Schedule for completion
Research schedule or Gantt chart included
Schedule is feasible
Style Guide
Margins, line spacing and fonts
Dates and numbers
Harvard referencing
Sourcing and quotations
Labelling of figures, diagrams, tables
List of references
English
Spelling
Grammar
Structure and flow
Title is on the first page
Table of Contents
Logical structure
Connections between sections
Easy to read

Outcome:
Approved
Not Approved

Comments

Title
An investigation into the Inventory Management System employed at
Kennscott Limited

Table of contents
6|Page

1 Introduction.......................................................................................................................8
1.1 Background:...............................................................................................................8
1.2 Project Research Problem..........................................................................................8
Focus of the Study...............................................................................................................9
2.1 Purpose of research project........................................................................................9
2.2 Research Questions..................................................................................................10
2.3 Significance of the Project.......................................................................................10
3. Project Related Literature Summary..............................................................................11
3.1 What is Inventory Management...11
3.2 Factors influencing the design of inventory management systems....11
3.3 Types of Inventory Management Systems...12
3.4 Challenges faced in managing inventory and intervention strategies.13
4. Plan Research Methodology..........................................................................................15
4.1 Explanatory/Exploratory Research Study................................................................15
4.2 Data Collection........................................................................................................16
4.2.1 Secondary Data.....................................................................................................16
4.3 Data Analysis...........................................................................................................16
4.3.1 Secondary data collection.................16
4.3.2 Primary data collection....17
4.3.3 Data Analysis...........18
5 Ethical Considerations....................................................................................................19
6.Schedule of Completion.................................................................................................19
References..........................................................................................................................21
Appendix. A.......................................................................................................................23
Client Feedback Survey.................................................................................................23
Appendix B........................................................................................................................29
Individual Interview Structure.......................................................................................29
Appendix C........................................................................................................................32
Consent Form.................................................................................................................32

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1 Introduction
1.1 Background:
Kennscott Limited is a customer driven company managed by a cadre of
highly skilled technical workers within the catering sector. They provide
catering and ship chandelling services for many companies within the energy
sector of Trinidad and Tobago. A relatively new player in our countrys
thriving energy sector, KENNSCOTT Ltd became fully operational in June
2008, and has already made its mark as a dependable, ethical, efficient and
professional business enterprise partner to several leading energy
companies, both locally and internationally.

1.2 Project research problem

Poor management of inventory items at Kennscott leads to stock out and
rush cost associated with procuring items at late intervals for the
requirements of events and request made via offshore installations. This is
costly in resourcing as well as detrimental to customer satisfaction and
customer retention.
Overstocking of items such as perishable impact negatively as too much
finance is invested in these inventory items, as well as items held to long
becomes spoilt and have to be dumped and then re-ordered when needed
adding to costs. Poor storage which causes deterioration of perishable items
such as meats, fruits and vegetable, storage is of vital importance as
managing inventories as holding stock is costly.

Kennscotts operations is driven based on events management, offshore

installations catering and ship-chandelling services, therefore if the
8|Page

requirements increase due to demands of client services, back orders would

be increased since the appropriation of the current inventory system is not
demand driven, therefore Kennscott Limited is faced with unsatisfied clients.
Organisations therefore are exploring ways toward postponement strategy in
response to constantly changing demands (Yang 2004). Graman and
Magazine (2006) argued that today, the cost of holding inventory, extensive
product proliferation and the risk of obsolescence, especially in rapidly
changing markets, make the expense of holding large inventories of finished
goods excessive and that high demand items naturally have safety stock
assigned to them, Therefore, inventory management strategies play an
important role especially in the catering/ship chandelling business that is
being studied.

2.0 Focus of the Study

2.1 Purpose of research project
Stocks or reserves are critical in carry out day to day operations for
companies, it is essential that they grasp two essential are most relevant
aspects when analysis of a systematic and strategic approach is to be
implemented, these are
1. How large should and inventory replenishment be?
2. When should the inventory replenishment order be placed.
It is essential to understand inventory controls mechanisms as underlying
strategies such as the Economic Production Quantity model (EPQ)
determines the quantity a company or retailer should order to minimize the
total inventory costs by balancing the inventory holding cost and average
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fixed ordering cost. The EPQ model developed by Taft (1918) is an extension
of the EOQ model. This classical economic production quantity model (EPQ)
has been widely used and would be instrumental in strategic formulation for
Kennscott Limited.
The purpose of this research is to investigate the existing inventory
management system at Kennscott; to determine the factors contributing to
its ineffectiveness and to make recommendations towards enhancing the
system.
Key areas of investigation will be:

An analysis and evaluation of the inventory management challenges

Kennscott is facing.
Assessing the Performance of the present inventory management
systems and the impact on the operational objectives of Kennscott

Limited.
Identify the aspects of the inventory management systems in need of

improving.
Determination of the most appropriate inventory management system
based on Kennscott Limited operations requirements.

2.2 Research questions

In order to achieve the objectives, this research will be designed to answer
the following research questions:

1. What is the nature of the current inventory management system at

Kennscott Limited?
2. What are the challenges experienced by in managing of the Inventory
Management System at Kennscott Limited?

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3. How is the performance of the Inventory Management System impacting

on the operations performance objectives of Kennscott Limited?
4. What aspects of the inventory management system are in need of
improvement?
5. What strategic interventions can be implemented to enhance the
performance of the inventory management system?

2.3 Significance of the research

The main purpose of this project is to provide insight on new innovative
solution for managing inventory at Kennscott. The results of this research will
assist in identifying the main contributors to the poor performance of the
present inventory management system at Kennscott and more importantly
make strategic recommendations towards the design of a more appropriate
and cost effective inventory management system for Kennscott. In so doing
not only will the profitability of the company increase but more importantly
client satisfaction will be enhanced adding to the overall competitiveness of
the organisation.

3. Project related literature summary

In pursuing this research knowledge acquired from specialization modules
covered in MBA Logistics & Supply Chain Management would be applied.
These modules include Strategic Operations Issues, Logistics Management
and Supply Chain Management
3.1 What is inventory management?
Inventory management answers supply chain decisions that affect both
upstream and downstream strategies, inventory planning is very essential in
manufacturing and product driven environments. (Managementstudyguidecom,
2016)

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For most companys inventory can be seen as an avoidable cost (Lantz

2008). Management of inventory is challenging, since holding inventory is
viewed as costly and companies then opt for the just in time approach
strategy to effectively manage and help keep inventory cost low. The
strategy is whereby companies aim to order materials, produce and deliver
just in time when it is required and not before (Brealey et al. 2007)

3.2 Factors influencing the design of inventory management

systems
Minimising product cost and lead times are two critical factors influencing the
design of an
inventory management system. ("Ten Ways to Reduce Inventory, While
Maintaining or Improving Service) Organisations therefore need to
take into consideration the
nature of the finished product/service and materials required, storage
requirements, proximity
and reliability of suppliers and the nature of customer demand when
designing the inventory
management system. (Kot, Grondy & Szopa 2011).

An effective demand forecast is a key input into the design of an inventory

management
system. Based on demand forecasting the whole supply chain is subject to
flow of both
materials and information and therefore cooperation is necessary to reduce
inventory through
the chain (Kot, Grondy & Szopa 2011).
3.3 Types of inventory management systems
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There are various types of inventory management systems as displayed in

table 1 below.
Table 1- Types of inventory management systems

Inventory

Description

managemen
t system
Just-In-Time (JIT)

A just-in-time (JIT) inventory system was introduced to

replace the traditional JIC inventory systems (Hoyt,
1996). JIT inventory management is a result of
demand-pull production. This concept involves the
use of demand for a given product to signal when
production should occur. The use of demand-pull
allows a company to produce only what is required
in the appropriate quantity and at the right time
(Cheng et al., 1996) In this way, the application of
demand-pull can prevent unnecessary inventory,
which would otherwise stockpile following the
traditional JIC approach to manufacturing.

Economic Order
Quantity

The economic order quantity (EOQ) is the order quantity

that minimizes total holding and ordering costs for the
year. Even if all the assumptions dont hold exactly,
the EOQ gives us a good indication of whether or not
current order quantities are reasonable. (Bozarth and
Handfield, 2012)

Re-Order Point

Triggered by the re-order timelines based on the below

and Safety Stock

factors

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Determination of the order point is based on three

factors:
Usage Usage refers to the quantity of inventory used
or sold each day
Lead Time The lead time for an order is the time in
days it takes from the placement of an order to when
the goods arrive or are produced. Many times
companies can project a constant, average figure for
both usage and lead time
Safety Stock The quantity of inventory kept on hand
by a company in the event of fluctuating usage or
unusual delays in lead time is called safety stock.
Source: created for this proposal

3.4 Challenges faced in managing inventory and intervention

strategies
Challenges organisations face in managing inventory and suggested
strategies for improvement are outlined in table 2 below
Table 2- Inventory management challenges and strategies
Challenges Facing

Strategies used to enhance the management

Inventories

of inventories

Demand Forecasting

Increased global scope and reach that must be managed. Early

demand forecasting allows for limitation of costs generated as a
result of
storage of excessive amount of unsold products. It should be
emphasized that the selected techniques of prediction are

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contained in the implemented advanced IT systems used

for warehouse management. The enterprises which do not
use these systems or use them only for limited areas, incur
considerably higher costs of building inventory.

Training users

Training new users on forecasting strategies and

forecasting and

inventory modules within a new Inventory

inventory management

management or enterprise resource planning

software

system requires strategy as well as good

communication to makes transition timelines short
and simple

Change Management

Change management from current paper base

From paper base and

systems to a computerized system could be a

spread sheet solutions

challenge dependent on the he companys human

resource, strategies developed through this
specific change management would allow faster
turnaround timelines from improved forecasting
and information resourcing.

Choosing the correct

Solutions from ERP (Enterprise Resource Planning

inventory modules that

System and IMS (Inventory Management Systems)

fit the company

must fit the design of the companys requirements,

although there are off the shelf solutions the
company must choose and investigate via
consultation with someone as the research who
gain expert knowledge based on the requirements
of the company, it is only then that the correct
software or change over system should be
resourced.

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(Kot, Grondy & Szopa 2011)

4. Planned research methodology

4.1 Explanatory/exploratory research Study

This research will combine both exploratory and explanatory research
techniques on the effectiveness of Inventory Management. An explanatory
design theory provides a functional explanation as to why a solution has
certain components in terms of the requirements stated in the design. For
explanatory design theory, only two elements are essentially necessary for a
complete design theory: requirements and solution components. The
argument is logical as well as empirical; the authors give examples of design
theory drawing from IS as well as other design related fields show how
design theory can be both simple and complete (Baerenholdt & Scheuer
2010). Exploratory research is not intended to provide conclusive evidence,
but assists the researcher to have a better understanding of the problem
(Saunders, Lewis & Thornhill 2007

4.2 Method
The research will adopt a case study methodology with Kennscott Limited
being the case organization. A case study methodology involves an
empirical investigation of a particular contemporary phenomenon within its
real life context using multiple sources of evidence (Robson 2002, p. 178).
This research method will be adopted as it allows triangulation means for
seeking convergence across qualitative and quantitative methods which
gives appropriate allowance to resource information from owners,
stakeholders and multiply data sources (Jick 1979).

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4.3 Data Collection

This study would employ mixed methodologies as the research will utilize
both quantitative and qualitative data accessed from relevant secondary and
primary data sources.
Mixed methods research is a research design with philosophical
assumptions as well as methods of inquiry. As a methodology, it involves
philosophical assumptions that guide the direction of the collection and
analysis of data and the mixture of qualitative and quantitative approaches
in many phases in the research process. As a method, it focuses on
collecting,
analysing, and mixing both quantitative and qualitative data in single study
or series of studies (Creswell J.W 2003)

4.3.1 Secondary data collection- Secondary data is data that have

already been collected by and readily available from other sources
(Saunders, Lewis & Thornhill 2007). For the purpose of this research
secondary data will be accessed from sources displayed in table 3
below.

Table 3- Secondary data sources

Secondary Data Sources
Purpose in Research
Vendor Information
Inventory Records data, Replenishment
Customer Feedback forms

timelines
To assess client satisfaction and areas of

Purchasing Department Records

concern related to inventory management

Purchasing Orders data capturing,
Difference in costing (example Rush cost

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for out of stock items), Buffer Stock cost

Source: created for this proposal

4.3.2 Primary data collection

Primary data extracted would be predominately qualitative to formulate the
encapsulation of requirements for the proposed explanation of inventory
management problems identified. Primary data will be collected from the
procedures described in table 4 below.

Table 4- Primary data collection procedure

Primary Data

Purpose in Research

Target

Sources
Survey

This data collection method as in this

Participants
Random 20-25

Questions

definition by GROVES et al. (2004, p.4): "The

participants

survey is a systematic method for gathering

information from (a sample of) entities for the
purpose of constructing quantitative
descriptors of the attributes of the larger
population of which the entities are
members." would be adopted to gain
insightful views and opinions from the
interviewee about the company, the mere
fact that it allows the respondent to give
feedback would increase the knowledge base
content .

The survey would be distributed to a selected

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few (clients) online (via survey monkey) to

assess the validation of proposed solutions.
These questionnaires would provide
quantitative data. This method in this
proposed would be adopted as it is easy to
administer and real time statistical data
would be resourced from computerized
software that also would provide analytical
data relative to this proposed project.
Semi Structure

The interviews will employ a semi-structured

Interviews`

approach and will cover a list of themes and

open ended questions, where the order and
logic of questioning may be varied regarding
supplier performance measurement and
evaluation (refer to Appendix A). This type of
interview is most advantageous in obtaining
data given these circumstances (EasterbySmith et al. 2008; Jankowicz 2005).The data
obtained from these semi-structured
interviews will be recorded by note taking
and would be conducted in a manner which
would avoid interviewer bias by reading out
questions exactly as written and using the
same tone of voice, since the manner in
which the interviewer interacts with the
interviewees and asks questions that will
impact on the data collected (Silverman
2007). This proposed data collection method
would bring a collaborated tone to
information received as I the research would
gain a hands on understanding of the
research problems. The management team
was selected as the questions are tailored to

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Four participants
This would
comprise of
the Managing
Director/Own
er, Head of
Operations,
Inventory &
Purchasing
Department
Team Lead
and Finance
Manager.

understand strategic objective of the

companys inventory solution.
Source: created for this proposal

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4.3.3 Data Analysis

Data will be analysed both inductively and deductively, in that from a
deductive or top down approach information resourcing will be
assimilated from the theory of the topic, then to an approach to assess
the hypothesis then we evaluate through observation which then leads
to an assessment or test to the hypothesis through specific data.
Deductive will allow a different grasp or reasoning through firstly
observation which then forms correlations or pattern that would be
developed through observing which then forms the hypothesis based on
measures and controls that can be explored, then the researcher can
develop a generalize conclusion based on the theory.

5 Ethical considerations
An agreement was made between researcher and the company being
studied that all information that is resourced would be held with the
highest ethical consideration as followed based on ethical clause and
guidelines provided by the Australian Institute of Business.
As agreed via written request each individual interview would be treated with
respect and allowed to present information based on the parameters of
this research therefore no irrelevant questioning that could initiate bios to
this research would be asked.
Appendix includes a signed copy from the Human Resource Manager of
Kennscott Limited as agreement to of companys participation in this
research.
6. Schedule of Completion
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I expect to complete this project within two months from approval of

proposal as described I table 5 below.

Table 5- Schedule for completion

Approval of Project Proposal
Literature Review commenced

May 30th 2016

June 10th 2016
June 17th 2016

Data Collection commenced

Data Collection concluded

June 20th 2016

Literature review concluded

June 302016

Writing of first draft

July 5th 2016

Submission of Draft Project

July 15th 2016

July 30th 2016

Submission of Project Report

Source: created for this proposal

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References
Robson, C 2002, Real world research, 2nd edn, Blackwell, Oxford.
Saunders, M, Lewis, P & Thornhill, A 2003, Research methods for business
students, Prentice Hall, London.
Jick, Todd D. "Mixing Qualitative and Quantitative Methods: Triangulation in
Action." Administrative Science Quarterly 24.4 (1979): 602-11. Web.
Baerenholdt, J.O. and Scheuer, J.D. (2010) Design research:
Synergies from Interdisciplinary perspectives. Edited by Jesper
Simonsen, Jorgen Ole Barenholdt, and Monika Buscher. United
Kingdom: Taylor & Francis.
Cheng, T.C.E., Podolsky, S., Jarvis, P., Cheng, P.S. and Jarvis, P.G. (1996) Justin-time manufacturing: An introduction. 2nd edn. London, Angleterre:
Springer-Verlag New York
Brealey, R.A., Myers, S.C., Allen, F. and All.., F. (2007) Principles of corporate
finance with S&P bind-in card. 9th edn. United States: McGraw Hill
Higher Education.
Bozarth, C.B. and Handfield, R.B. (2012) Introduction to operations
and supply chain management. 3rd edn. Harlow: Pearson
Education.
http://userhome.brooklyn.cuny.edu/irudowsky/CIS10.31/articles/EOQ
Model.pdf (Accessed: 27 May 2016).
Managementstudyguidecom. (2016). Managementstudyguidecom. Retrieved 20 April, 2016,
from http://www.managementstudyguide.com/inventory-management.htm

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Anderson, David L.; Frank Britt,; Donavon Favre,. "The 7 principles of Supply
Chain Management.(FUNDAMENTALS)." Supply Chain Management Review.
Peerless Media. 2007.
"Enterprise Resources Planning, Technology", Harvard Business School,
Escalle, cedric X., Mark Cotteleer and Robert D. Austin. 1999.
Introduction to Supply Chain Management Technologies, Second Edition
David Frederick Ross, APICS National, Chicago, Illinois, USA
Richard A. Brealey, 2007. Principles of Corporate Finance, 9th Edition. 9th
Edition. McGraw-Hill / Irwin.
Saunders, M, Lewis, P, Thornhill, A, 2007, Research Methods for Business
Students, 4th edition, Prentice Hall
BusinessDictionary.com. 2016. What is secondary research? definition and
meaning. [ONLINE] Available
at: http://www.businessdictionary.com/definition/secondary-research.html.
[Accessed 17 MARCH 2016].
Creswell, J. W. (2003). Research design: Qualitative, quantitative, and mixed methods
approaches (2nd ed.). Thousand Oaks, CA: Sage
"Ten Ways To Reduce Inventory, While Maintaining Or Improving Service". Shelfplus.com. N.p.,
2016. Web. 29 May 2016.

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Appendix
Appendix. A
Client Feedback Survey
This survey is based on a requirement for fulfilment of a research with strict
ethical guidelines relative to the Astralian Instite of Business, all partiicpants
information wold not be disclosed.
1. Have you ever had any event or service provided by Kennscott
Limited?
o Yes
o No

2. Overall, how would you rate Kennscott Limited?

o Excellent
o Good
o Average
o Poor
o Terrible
o Not sure

3
3. How satisfied are you with your services from Kennscott Limited?
o Extremely satisfied
o Very satisfied
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o Neutral
o Very dissatisfied
o Extremely dissatisfied
4
Would you recommend this company to your associates?
o Yes
o No
o Not Sure

If no, why not?

5
For your NEXT event/ offshore installations/service request, how likely are
you to procure from Kennscott Limited?
o Very likely
o Somewhat likely
o May or may not
o Somewhat unlikely
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o Very unlikely
o N/A
6
Which of the following modes did you use to place the order for service from?
o Mail order
o Internet
o By telephone
o Fax
o Other

7
What are the THREE main reasons you did not process a service request from
other companies within this sector (e.g JSL, Camquip & Western Shipping?

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What would you change about the process of ordering from the company
(e.g. placing the order, mode of payment, delivery etc) from Kennscott
Limited?

9
Do you think that Kennscott requires quality improvement in their delivery of
services?

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10.
How quick are orders met relative to request?
o Excellent
o Good
o Average
o Poor
o Terrible
o Not Sure
11.
Are all service deadlines met? For events are your requirements exact to
orders placed.
o Excellent
o Good
o Average
o Poor
o Terrible
o Not Sure

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12
Are there any other comments/ recommendations you have for Kennscott
Limited?

Thanks for taking part in this survey.

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Appendix B
Individual Interview Structure

Question Yes, No, N/A Remarks

Are policies and procedures current, written and properly approved?
Yes

No

N/A

Are receiving, issuing, accounting and storing responsibilities properly

segregated?
Yes

No

N/A

Are steps in placed to safeguard pilferage?

Yes

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No

N/A

Are inventory records reconciled (and differences explained) to

advantage reports on a regular basis? (Current inventory is adjusted at
year-end by fiscal year-end physical counts.)
Yes

No

N/A

Is material released from storerooms only on the basis of requisitions

which are approved by a responsible official of the department?
Yes

No

N/A

Is adequate provision made for obsolete and inactive items in

inventories?
Yes

No

N/A

Careful investigation of significant overages and shortages?

Yes

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No

N/A

Prompt adjustment of records for inventory discrepancies after

approval by a responsible official other than stores personnel?
Yes

No

N/A

Does management review and compare the reconciliation of physical

inventory counts to the inventory records?
Yes
No N/A

Is there any indicator such as flagging for low stock levels?

Yes

No

N/A

Other remarks concerning the evaluation of internal control for

inventories
Yes

No

N/A

Thank You for Participating

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Appendix C
Consent Form

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