Turn Inventory and Supplies

Purpose (Why we do this):

Maintain adequate inventory supply necessary for turnover as well as any outstanding service requests. Maintain fiscal responsibility and superior customer service.

Policy (What you're supposed to do):

• Assess inventory on hand at the beginning of each morning.
• Consult prior year budget to stock appropriately for upcoming turns.
• Review op statement as invoices are submitted to stay on top of expenditure limits.
• Team members may be delegated to maintain adequate supplies based on their experience at the property.

Procedure (HRA Way!):

1. Assess inventory at the beginning and end of each day.
2. Order parts as needed to ensure turn progress doesn’t stop.
3. Organize and stock items as parts are delivered.
4. Special order inventory and large orders including appliances, furniture, large screen orders, glass, and doors should be ordered in bulk before turn. An inventory audit mid-turn should be performed to verify quantities will get you through the end of turn.
5. Review OP statement to not exceed monthly/quarterly allowances.