This checklist is designed to ensure that inventory levels are managed effectively on a weekly basis. It helps to identify discrepancies, analyze stock levels, and plan for upcoming needs.
Check the current inventory levels for all products to understand stock status.
Compare physical stock counts with recorded inventory to identify any discrepancies.
Evaluate the turnover rates of different products to determine slow-moving or excess stock.
Decide on necessary purchase orders for items that are low in stock based on usage rates.
Ensure all inventory changes, including sales and new purchases, are accurately reflected in the management system.
Share inventory status and needs with sales and procurement teams to align on future strategies.