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What must be established anytime stock is authorized for equipment items?

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Final answer:

Establishing stock for equipment items requires setting up an inventory management system for monitoring receipt, storage, issuance, and inventory levels, ensuring that lab supplies are adequately maintained and readily available for use.

Step-by-step explanation:

When an organization authorizes stock for equipment items, such as the maintenance of laboratory supplies, it must establish a system that ensures the accountability and control over these assets.

This can include setting up a stock inventory management system, which would include records for tracking the receipt, storage, issuance, and inventory levels of supplies.

For laboratory environments specifically, it is critical to maintain an adequate stock of necessary supplies and ensure those are readily available during lab and open lab times for students.

This would typically involve a process of regularly reviewing inventory levels and reordering supplies when necessary to avoid any potential disruption in laboratory activities.

Whenever stock is authorized for equipment items, it is important to establish certain factors:

Quantity: Determine the number of equipment items needed to be stocked. This may involve considering the demand, usage frequency, and availability of the items.

Cost: Analyze the cost associated with purchasing and maintaining the stock of equipment items.

Storage: Establish a suitable storage facility to house the stock, ensuring proper organization and protection.

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