Stock — whether in the form of raw materials, finished goods, or consumables — is a critical asset for any business. Poor stock management can lead to losses, inefficiencies, and compliance risks. Stock Audit Services provide an independent, accurate review of your inventory, helping you safeguard assets, validate records, and improve operational performance.
At LBC, our stock audits go beyond basic counting. We deliver deep insights into inventory control, supply chain efficiency, and working capital management — so you can operate with confidence.
What is a Stock Audit?
A stock audit is a detailed examination and physical verification of inventory to ensure that stock records accurately reflect the actual stock held. It checks for accuracy, existence, condition, and ownership of inventory and helps identify discrepancies, pilferage, and inefficiencies.
Our Stock Audit Solutions:
Physical Verification of Inventory
- Independent counting and verification of stock at warehouses, factories, retail outlets, and third-party storage locations
- Reconciliation with stock ledgers, ERP records, and financial statements
- Barcode and serial number matching where applicable
Stock Valuation and Record Reconciliation
- Validation of valuation methods (FIFO, LIFO, weighted average)
- Reconciliation of physical stock with accounting books and ERP systems
- Identification of slow-moving, obsolete, or damaged inventory
Internal Control Review
- Evaluation of inventory handling, storage, and security processes
- Review of stock inward/outward procedures and documentation
- Checks on authorization levels, approval flows, and segregation of duties
Supply Chain and Inventory Management Insights
- Identification of process gaps in procurement, storage, and dispatch
- Advisory on reducing stock losses, pilferage, and wastage
- Recommendations for improving stock visibility and control
Specialized Stock Audits
- Lender stock audits for businesses availing working capital finance
- Audit of bonded or customs-controlled inventory
- Project stock audits for construction, infrastructure, and large projects
- Third-party warehouse or consignment stock audits
Why Choose LBC for Stock Audit?
- Independent, objective reviews — providing true assurance to management, lenders, and stakeholders
- Tech-enabled audits — using data analytics, barcoding tools, and customized reporting
- Actionable insights — we don’t just identify variances; we help you fix root causes
- Industry-specific expertise — experience across manufacturing, retail, trading, logistics, and more
Who Can Benefit from Our Stock Audit Services?
- Manufacturing and trading companies managing large or complex inventories
- Retail chains and e-commerce players requiring inventory accuracy
- Businesses availing loans against stock (lender-mandated audits)
- Importers, exporters, and customs-bonded warehouse operators
- Project-based companies managing material stock at multiple sites
Inventory accuracy isn’t optional — it’s essential. With LBC’s Stock Audit Services, you gain control, protect value, and improve your bottom line.