inventory procedures
An effective inventory management system will be supported by an inventory policy with procedures for each activity that are documented and followed by relevant stakeholders to ensure that the overall system will deliver the right outcomes for your organisation.
As an inventory procedure manual will vary depending upon the nature of your business and the level of detail required, the following is an outline of the core areas of a typical inventory procedure manual.
Inventory Policy
Demand Planning process
Scheduling process
How to manage scheduled physical inventory
How to manage unscheduled physical inventory
Receiving procedure
Putaway process
Replenishment Process
Picking Process
Transfer process
Quality process
Despatch Process
Cycle count process
Stocktake Process
Reconciliation process
Inventory posting process
Accounts payable posting process
Rescheduling Inventory process
Item master maintenance
Bill of material maintenance
Routing maintenance
Cost maintenance
Kitting maintenance
Pallet control process
MRP Order process
MRO Replenishment process
Location maintenance process
Stock status process
Select a Supply Chain and Logistics Assessment that identifies real improvement.
We offer a range of assessments that are tailored to specific functions within your oganisation that require review. Depending on the scope of works or the scale of your organisation, our assessments are typically completed within 2 weeks of commencement for single site entities. Reference sites available on request.
