Company:

[Your Company Name]

Inventory Period:

[Date]

Performed by:

[Your Name]

Schedule:

Set a date and time for the physical inventory count, ensuring minimal disruption to regular operations.

Communication:

Notify all relevant stakeholders about the inventory count schedule and their roles in the process.

Equipment:

Gather necessary equipment such as barcode scanners, count sheets, pens, and any other tools required for the inventory count.

Training:

Provide training to staff involved in the inventory count on proper counting procedures and the correct usage of equipment.

Counting Procedures:

• Count items accurately, ensuring each item is only counted once.

• Use barcode scanners or manual counting methods as appropriate.

• Record counts immediately on count sheets or electronic devices.

• Double-check counts for accuracy.

Verification:

• Verify counts with existing inventory records.

• Investigate and resolve any discrepancies encountered during counting.

• Record any damaged or obsolete items for further action.

Organization:

• Organize inventory items systematically to facilitate counting and verification.

• Label shelves, bins, or sections clearly to avoid confusion.

Documentation:

• Maintain detailed records of the inventory count, including date, time, location, and personnel involved.

• Document any variances between physical counts and inventory records.

Reconciliation:

• Compare physical count results with existing inventory records.

• Identify reasons for discrepancies and take necessary corrective actions.

Reporting:

• Generate inventory count reports summarizing findings and recommendations.

• Distribute reports to relevant stakeholders for review and decision-making.

Adjustments:

• Make necessary adjustments to inventory records based on verified physical counts.

• Update inventory management systems with accurate data.

Follow-Up:

• Conduct regular audits to maintain inventory accuracy.

• Address any ongoing issues or discrepancies identified during the inventory count.