Workflow Templates: Inventory Replenishment Checklist

Conduct a physical count of current inventory

Identify fast-moving and slow-moving items

Check for discrepancies between physical count and database records

Analyze historical sales data to forecast future demand

Assess shelf life and expiration dates for perishable goods

Review and update supplier contact information

Verify supplier lead times and delivery schedules

Negotiate better terms or discounts with suppliers

Ensure backup suppliers are available for critical items

Assess supplier performance and reliability

Set minimum and maximum stock levels for each item

Determine reorder points based on sales velocity

Use automated systems to trigger reorder alerts

Consider seasonal variations and promotional events

Plan for bulk ordering to reduce costs

Prepare storage space for incoming inventory

Inspect incoming shipments for quality and accuracy

Update inventory records upon receiving new stock

Label and organize items in the storage area

Ensure proper storage conditions to maintain product quality

Schedule regular inventory audits

Use barcode scanners or RFID for accurate tracking

Reconcile discrepancies found during audits

Document audit findings and actions taken

Review and update inventory management policies

Inventory Replenishment Checklist