daily inventory management

Check stock levels of all products

Identify any low or out-of-stock items

Record any discrepancies in inventory counts

Inspect incoming shipments for accuracy

Verify quantities against packing slips

Update inventory records accordingly

Ensure products are properly labeled and organized

Rotate stock to prevent spoilage or expiration

Check for damaged or expired items

Conduct regular inventory audits to track stock levels and identify any discrepancies

Implement a first-in, first-out (FIFO) system to ensure older stock is used before newer stock

Utilize proper shelving and storage solutions to maximize space and make inventory easily accessible

Train staff on proper inventory management techniques and procedures

Implement a system for tracking stock movement and reordering products when necessary

Count remaining stock levels

Compare counts to beginning of day inventory

Note any discrepancies or issues for follow-up action

Check for expired products and remove them from inventory

Restock any items that are running low

Organize shelves and storage areas to ensure easy access for the next day

Update inventory tracking system with any changes or adjustments made throughout the day

Secure and lock up inventory storage areas to prevent theft or tampering overnight

Review sales data to assess product demand

Adjust inventory levels based on sales trends

Identify slow-moving items for potential markdowns or promotions