Warehouse Inventory Management System Software Workflow

Step 1: Initial Stock Count

Type: Fill Checklist

In this critical step, the company's inventory management process begins. The objective of Step 1: Initial Stock Count is to accurately record the quantity and condition of all stock items on hand at the commencement of a new accounting period. This involves physically counting and verifying the stock levels in each storage location or warehouse. A team of authorized personnel will conduct this count, ensuring that every item is accounted for. The process typically takes place during a scheduled downtime, such as during off-peak hours or over a weekend. As inventory levels are recorded, discrepancies between actual and expected quantities are identified. This step sets the foundation for subsequent steps in the workflow, enabling informed decisions regarding purchasing, sales, and stock management. A detailed record of the initial stock count will be maintained to facilitate accurate tracking and reporting throughout the accounting period.