Inventory Discrepancy Log

Inventory Discrepancy Log

Name:

[YOUR NAME]

Company:

[YOUR COMPANY NAME]

Date:

[CURRENT DATE]

This Inventory Discrepancy Report is prepared as a crucial tool in addressing discrepancies found in the company’s furniture stock. It aims to present a distinct and clear record to help resolve operational issues, maintain our asset's integrity, and ensure optimum inventory management.

Furniture Item

Date Discrepancy Found

Quantity Discrepancy

Value Discrepancy (USD)

Reason for Discrepancies

Chair

01/01/2050

-2

-$200

Miscounted during inventory

Table

02/01/2050

-1

-$100

Damaged during handling

Sofa

03/01/2050

+3

+$300

Previously unrecorded receipt

Desk

04/01/2050

-1

-$150

Misplaced item

Bookshelf

05/01/2050

-2

-$250

Miscounted during inventory

Bed Frame

06/01/2050

-1

-$200

Damaged during delivery

Wardrobe

07/01/2050

+2

+$400

Previously unrecorded receipt

Dining Table

08/01/2050

-1

-$300

Customer return

TV Stand

09/01/2050

-1

-$120

Damaged during assembly

Armchair

10/01/2050

+1

+$150

Additional item received

Additional Reminders:

  • Ensure physical counts are conducted regularly.

  • Maintain clear and organized storage for easy access and auditing.

  • Keep the inventory system updated and reconcile with the physical count regularly.

  • Utilize reliable security measures to reduce theft.

  • In case of significant discrepancies, conduct thorough investigations to identify the cause and rectify the situation.

Inventory Templates @ Template.net