How very professional of you Earl.
OilleakEarl wrote:Your GM is an idiot. You don't need to do a physical inventory every 4 months. I would rather be kicked in the groin repeatedly than deal with a physical inventory every 4 months. That is just about the stupidest thing I've ever heard.
If a Parts Manager is doing his job, physical inventory day is one of the most boring days of the year requiring minimal preparation. You should always be ready for one!
I believe your general manager is making an interpretation of the industry guidelines. Parts inventory recommendation is 3 to 5 times per year plus an independent audit. The 3 to 5 times are part of the normal perpetual inventory process done daily by parts employees. They should be done as blind counts, adjustments audited by management and corrected. All documents should be held for observation/interpretation by upper management, Comptroller, Gen. manager, and ownership.
Perhaps a discussion with the General Manager to understand what is the goal would be helpful. If afterword he still insists on a complete physical inventory count down at $265,000 worth of inventory it won't take long at all; it's probably five hours max.