Inventory is probably the biggest asset that any company has on its balance sheet. However, due to their sensitive nature, materials are prone to theft and wastage than any other resources of the organization. Therefore, in other to protect these valuable assets of the organization, there is need to prevent the occurrence of the two evils (Theft & Wastage) or reduce them to the barest minimum else they cripple the company’s operations. While Management might have put in place the necessary internal controls, the need for quick detection of theft and wastage is very vital. This is the focus of this workshop.