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Inventory Supplies Policy

Hello,

I'm new to this forum and have a question about how those of you in manufacturing or other similar industries treat your inventory policy for materials and supplies. I'm relatively new to my company (small-mid level) and we seem to inventory things that cost only a few dollars and others that we expense that could cost hundreds of dollars on a per item basis. Is there a hard dollar amount for materials and supplies that you choose to inventory? Do you also look at how long an item may stay on the shelf before being used? Do you not even bother inventorying materials and supplies? Any feedback would be appreciated. Thanks!

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