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> Inventory management
Inventory management
Receiving Inventory
Verify shipment contents match packing slip
Check for damaged goods
Record inventory received in system
Organizing Inventory
Sort inventory by category or SKU
Label shelves or bins for easy identification
Keep high-demand items easily accessible
Tracking Inventory
Conduct regular inventory counts
Use barcode scanning or RFID technology for accuracy
Update inventory levels in real-time
Managing Inventory Levels
Set minimum and maximum stock levels
Implement a reorder point system
Analyze sales data to forecast demand
Handling Returns and Exchanges
Inspect returned items for damage
Restock inventory in appropriate location
Update inventory records to reflect returns
Security and Loss Prevention
Limit access to inventory storage areas
Use security cameras or alarms
Conduct regular audits to identify any discrepancies
Reporting and Analysis
Generate inventory reports on a regular basis
Analyze data to identify trends or areas for improvement
Make adjustments to inventory management strategies as needed
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