The Inventory Cycle Template addresses the following areas:

• Policy and Procedures
• Segregation of Duties (and access rules that support SOD)
• Inventory Movement and Control
• Physical Inventory Verification
• Inventory Write-Offs and Reserves
• Inventory Costing
• Physical Safeguards
• Master File Maintenance
• Financial Reporting, and
• Additional Considerations (IPE and Management Review Controls)

Can I adapt my own compliance materials into a smart Template?

Yes. If you already have compliance materials of your own, you can integrate them into a smart Compliance Template using the included development template. This allows you to supplement NORVA’s Compliance Assessment Templates with your own content while keeping the same practical, structured approach. 

Is my data private and secure?

Yes. All templates are encrypted to protect the privacy and confidentiality of your data. NORVA Solutions does not have visibility into any data you enter in your downloaded template.