IS YOUR PERPETUAL INVENTORY remaining accurate? If not, call us for a review of your procedures. Here is a complete list of areas to consider:
Incrementing Inventory
- Proper invoice loading
- Correct UPC
- Load invoices relative to physical delivery
- Correct Case/pack
- Load of shipper and pallet product
- Invoice all items
- Pair bonus pack and regular items
- Customer returns
Decrementing Inventory
- Sales
- Make quantity key a managment function
- Properly scan each item
- Send all possible product through the front-end
- Integrate web sales
- Real-time integration of point-of-sale movement
- Manually ringing product up
- Manual keying of UPC
- Selling by department and not UPC
- Inner-store transfers
- Inter-departmental
- Supply usage
- Inter-store transfers
- Record and report damage
- Record and report spoilage
- Record donations
- Pair bonus pack and regular items
Verifying Inventory and Store Procedures
- Achieve a correct count
- Count negative, outs, lows, and back-stock
- Cycle Count
- Shelf
- Display
- Backstock
- Keep an accurate count
- Inventory Audits
- Accurately identify bonus and regular items
- Thorough running of back-stock
- Proper placement of items – avoiding face-over
- Find, track, adjust and report mispicks
- Use inventory variances to find, track, and deter theft
- Identify inventory adjustments by user
- Integrate and record master/individual inventory and sales (ex. Cigarettes)
- Organize back-stock
- Track, report, and explain lost sales by unit movement, dollar movement, and profitability
