Store Inventory Management SOP

By Jerry

Store Inventory Management SOP

799.00

This 19-page document covers the Store Inventory Management procedures of the Company.

Next to cash, inventory is very susceptible to pilferage and mismanagement.  Majority of the assets of any company is devoted into inventory so an overstocked inventory or non-moving item can easily hurt the financials of the Company.

That’s why proper control should be implemented when managing inventory, especially in stores where it’s harder to monitor.  The procedures enumerated in this Manual can help the Company become more effective and efficient in its inventory management.

Click here to read our FAQs.

 

Description

Overview

This 19-page document covers the Store Inventory Management procedures of the Company.

Next to cash, inventory is very susceptible to pilferage and mismanagement.  Majority of the assets of any company is devoted into inventory so an overstocked inventory or non-moving item can easily hurt the financials of the Company.

That’s why proper control should be implemented when managing inventory, especially in stores where it’s harder to monitor.  The procedures enumerated in this Manual can help the Company become more effective and efficient in its inventory management.

 

What’s Inside:

This Simplified Standard Operating Procedure (SOP) covers the following key areas:

1.   Inventory Ordering – including ordering procedures and ordering flow.

2.  Inventory Receiving – including delivery acceptance standards, inspection procedures, and damage report.

3.  Inventory Management – including computing minimum stock level, inventory turnover, and performing daily and monthly inventory reports.

 

Applicable For:

This document is applicable for medium-sized businesses with several stores or branches like food, services, and retail companies.

However, please note the following:

1.)  This is just a template designed to guide you and serve as a starting point for your company.  You need to customize it according to your own processes and procedures.

2.) This is the SOP for our company, Ink All-You-Can.  Thus, some processes or items may not be applicable for your own company.  Please just ignore them.

Click here to read our FAQs.

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