HomeHome SearchSearch MenuMenu Our productsOur products

Here are the 12 items you must include in your Standard Operating Procedures for inventory controls

by , 31 July 2014
Standard Operating Procedures (SOP) can really help when it comes to your manufacturing process. They ensure your employees do their jobs safely and correctly. This is because your employees have to follow the same procedures every single day.

But did you know, you can use your SOP to help with inventory control measures. This can help you protect your inventory stock from fraud and theft.

So if this sounds like a good idea to you, keep reading to find out the 12 items you must include in your SOP for inventory control...

*********** Advertisement ************
 
Stop wasting time on Excel problems

You'll no longer be wasting time on Excel problems like:
PDF creation in Excel...
Trying to work on spreadsheets received via email...
Anchoring formulas to look at the correct cells...
Extracting information out of lists of data in Excel...
Creating pivot tables...
 
 
***********************************
 

Include these 12 items in your SOP to protect your inventory

 
When you draw up your SOP for your stock inventory controls, you must include:
 
1. Definitions and acronyms specific to inventory control your employees will easily understand;
 
2. The process for security and safeguarding of your company/warehouse/manufacturing process;
 
3. Details for receiving an order/invoice from a client. Follow this with the process for packing for delivery;
 
4. Details for getting credit requests and inventory received notices from clients;
 
5. Tracking of in-transit goods;
 
6. Receipts of inventory/items from the suppliers;
 
7. Receipt, safe-keeping and delivery packing items from suppliers;
 
8. Packing and quality control procedures;
 
9. Stock take; 
 
10. Record keeping and administration for your inventory control;
 
11. Guidelines for destroying expired inventory;
 
12. Document management. This is your quality management plan and helps you ensure your employees follow these procedures. You can use several documents to help you manage this such as sign off registers.
 
If you include these 12 items in your SOP for inventory tracking you can ensure they become second nature for your employees. This means they'll handle your inventory correctly and ensure it's safe during the production process. 
 
*********** Hot off the press  ************
 
Three accounting record risk areas to watch out for
 
 
*************************************
 


Related articles




Related articles



Related Products



Comments
0 comments


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance



Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today



Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism



This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands



Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>