Physical inventory count checklist
- how to count inventory in a warehouse
- how to count inventory in a retail store
- what is inventory counting
- warehouse inventory list example
Annual inventory count.
Inventory count procedure
Step 3. Pre-Count Inventory
Go through the inventory several days in advance and count any items that can be placed in sealed containers.
Seal them in the containers and mark the quantity on the sealing tape. This makes the counting task much easier during the actual count.
Inventory count procedures pdf
If a seal is broken, then a counting team will know that they need to re-count the contents of a container.
Step 4. Complete Data Entry
If there are any remaining data entry transactions to be completed, do so before the physical inventory count begins.
This includes transactions for issuances from the warehouse, returns to the warehouse, and transfers between bin locations within the warehouse.
Step 5. Notify Outside Storage Locations
If the company has any outside storage facilities or third-party locations that hold company inventory on consignment, notify them that they should count their inventory on hand as of the official count date and forward this information to the warehouse manager.
Step 6.
Freeze Warehouse Activities
Stop all deliveries from the warehouse, and als