The dollar value of this inventory is approximately 1.3 million dollars. Granted, this is a lot of money to be tied up in parts, sitting on shelves. Keep in mind the several thousand pieces of equipment farm shops maintain and repair. With such dollars invested in parts, accountability is a major concern to management. Working in conjunction with Internal Audit, each year is subjected to a minimum of two in-depth audits per year.
Management audits the accountability of each shop, twice a year for the above.
Environmental Farm shops are in the recycling business too. Scrap items such as iron, batteries and waste oil are sold to reclaimers. Initially, scrap tires are considered for recapping. Safety Priority number one in all shops is safety. Standard operating procedures have been written and implemented by all shops.