Are Your Physical Access Controls Protecting Your Assets? 🏭
- FinSightAccounting
- Oct 11, 2024
- 1 min read
Updated: Oct 13, 2024
In many industries, especially manufacturing, physical access controls play a critical role in safeguarding assets like inventory and equipment. Here’s a real-world scenario:
Example:
In a manufacturing company, physical access to the warehouse is not restricted, and inventory is not regularly monitored. Employees can access stock without supervision, resulting in inventory shrinkage or theft that goes unnoticed.
Impact:
This lack of control leads to inventory shortages and financial losses as misplaced or stolen goods go undetected. Over time, this could significantly impact profitability and operational efficiency.
Remediation:
To protect your assets, implement proper physical controls, including:
Restricted access to sensitive areas.
Locks, security cameras, and access logs.
Regular physical inventory counts to catch discrepancies early.
Ensuring physical access controls are in place is crucial for maintaining inventory integrity and preventing losses.
Does your company have strong physical controls? Let’s connect and discuss how to secure your business!
#PhysicalAccessControls #InventoryManagement #AssetProtection #Manufacturing #RiskManagement #BusinessSecurity




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