Inventory Control & Accuracy

Inventory Audit

Physical verification, reconciliation and root-cause analysis to strengthen inventory accuracy and control.

Objective

To identify the root causes of inventory discrepancies and establish a robust inventory accuracy management system.

Key Activities

Physical inventory verification
System vs. physical reconciliation
SKU/location-wise variance analysis
Cycle-count process review
Bin/location accuracy assessment
GRN & receiving discrepancy analysis
Picking & dispatch discrepancy review
Damaged, expired, blocked & obsolete inventory assessment
Inventory adjustment process review
Root-cause analysis of variances
ABC classification review
Inventory control process assessment

Deliverables

Inventory Accuracy Report SKU-wise Variance Report Location-wise Variance Report Inventory Reconciliation Statement Inventory Accuracy % Inventory Discrepancy Analysis Root Cause Analysis Inventory Adjustment Recommendations Cycle Count Plan ABC Classification Recommendations Inventory Control SOP Recommendations Corrective Action Plan

Client Outcome

Higher inventory accuracy, reduced stock discrepancies, improved system reliability, and better inventory visibility.