By Roy L. Wesley

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1 7) 9) 12) 14) 16) Department Floor# Purchase Costs Life Expectancy Type of Equipment Serial* Tag# 3) 5) (code below) 30 A Guide to Internal Loss Prevention Asset Move Ticket (Signature and Title) (Signature and Title) Original Copy - Asset Accountability Section Second Copy - Security Third Copy - Division's Site Department Add ress Received from Department Add ress Model no. Tag no. Serial no. 2), a copy of which should be returned to the asset accountability section so the new address information can be recorded on the appropriate card.

If the item is crucial, it may require replacement. If it is replaced and the original subsequently located, there has been an unnecessary duplication of expense, at a much higher cost than the original. This cost comes straight out of profits. Another problem with assets is that they may become obsolete, and are then discontinued. It is c o m m o n for an older piece of equipment to be taken off the production line and relocated to another section of the floor, out of the way, although it is neither broken nor unusable.

If these excesses continue unabated, there will be no profits. Expense reports should be submitted as soon as possible after trips. All money must be returned or accounted for. Employees should not be allowed to undertake subsequent trips without having shown proper accountability. Obviously there are exceptions to rules, especially with regard to traveling salespeople. However, some attempt must be made to hold these individuals accountable and their accounts should be scrutinized closely. CHECK-SIGNING DEVICES As an organization increases in size, the need for automation becomes more acute.

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