This checklist ensures that the sales team has a clear and organized approach to managing inventory, which is crucial for fulfilling customer orders and maintaining product availability. It covers the steps necessary for tracking inventory levels, updating sales data, and ensuring accurate stock information is communicated to the sales team.
Check the current inventory levels against sales forecasts to identify any discrepancies or shortages.
Ensure that all recent stock movements (incoming and outgoing) are reflected in the inventory management system.
Reach out to suppliers for any necessary restocks or to clarify shipping schedules for pending orders.
Review sales data to identify fast-moving products and those that may require promotions to boost sales.
Generate and review inventory reports that summarize stock levels, sales trends, and any issues that need addressing.