Most Important Functions In Warehouse Inventory Control

July 14th, 2011

In property investment, the most important factor is: location, location, and location.

In Warehouse Inventory Control, to me, the most important function is: accuracy, accuracy, and accuracy.

It is true that without accurate inventory information, you cannot plan your inventory properly such as:-

  • What to buy?
  • When to buy?
  • How many to buy?… and so on.

The question is, how am I going to keep an accurate inventory in my stores or warehouses? Here are some suggestions for your reference:-

  • Record all inventory movements — receiving (IN), delivery (OUT), transfer, disposal, adjustments etc.
  • Do Cycle Counting (stock take) frequently and randomly (by another group of staffs other than local storekeeper).
  • Maintain good housekeeping at the stores or warehouses — 5S approach is the best.
  • If possible, please invest in technologies such as inventory software, barcoding system and racking infrastructure to minimize operation errors.
  • And finally, train your operation staffs to be more discipline.