Inventory valuation is a specialist field of valuation and so much so that in the US there is a parallel industry for the valuation of Inventory.
The techniques of valuing inventory are complex and have numerous variables that have to be considered at every level in the valuation.
The expert valuer will know this and consider this in the exercise of inventory valuation. Neil has successfully completed the American Society of Appraisers – Appraisal of Inventory course in Chicago.
The types of inventory assessed ranges from fresh and frozen foods, automotive and component parts, retail products, bulk raw materials and liquids. The depth of knowledge from an expert valuer knows the approaches and requirements to ensure sound advice for this industry sector.