Implement daily spot-checks to tackle inventory losses effectively. Start by creating a schedule for random count checks of a few select items in inventory. Focus on items with high turnover rates or those with frequent discrepancies.
Assign responsibility to a specific team member each day, rotating the task to ensure accountability. This helps in detecting errors or losses early, allowing for timely corrective actions. Document findings diligently in an inventory management system to track patterns and identify potential causes for discrepancies.
Use handheld scanning devices for accurate data collection during spot-checks, minimizing human error. Compare the spot-check results against your inventory records to ensure consistency. Any discrepancies should be investigated immediately to determine the root cause, such as theft, administrative errors, or misplaced items.
Finally, analyze the spot-check data monthly to identify trends or recurring issues. Use this information to adjust ordering practices, improve security measures, or refine inventory management processes, ultimately reducing losses and improving overall inventory accuracy.