Inventory Control

 STANDARD OPERATING PROCEDURE
Inventory Control
________________

Purpose: To establish guidelines and procedures for effective inventory control within Allpack Fulfillment. This SOP aims to ensure accurate tracking, maintenance, and management of inventory levels to support operational efficiency and customer satisfaction.

Responsibilities:

1. Warehouse Staff: Receive, store, and organize incoming inventory items, accurately record inventory transactions within Fulcrum, and perform routine inventory checks to identify discrepancies and maintain stock accuracy.
2. Warehouse Managers: Oversee the overall inventory management process, ensure inventory control policies are adhered to, and conduct regular audits to ensure the accuracy of inventory records.
3. Administrative Personnel: Ensure inventory is correctly documented within Fulcrum and handle inventory-related inquiries and requests from other departments and customers.

Procedure:

1. Receiving Inventory
  * Refer to Container Receiving SOP
2. Inventory Storage
  * Ensure proper storage conditions for different types of inventory items (e.g. temperature-sensitive, fragile, humidity controlled items).
  * Maintain cleanliness and organization within the warehouse to facilitate efficient inventory retrieval.
  * Follow Allpack’s systematic labeling and shelving system within Fulcrum for easy identification of inventory.
3. Inventory Tracking and Recording
  * Inventory transactions are recorded within Fulcrum, including adjustments, receipts, shipments, and cycle counts.
  * Allpack will conduct a physical inventory upon request to verify accuracy of inventory records. These requests are billed hourly.
     1. Allpack will assume that all outer carton markings are correct
     2. Cases will not be broken to count unless a special request has been made
     3. Any inventory discrepancies will be made in Fulcrum within the adjustments section or cycle count report.
  * Stock Reliability and Corrections
     1. Adjustments can be made due to packing errors, damages, cycle count, or initial reconciliation. 
     2. Stock Corrections must be reported within Fulcrum where a history is kept and a reason is recorded.
     3. Stock adjustment reports are emailed to customers through Fulcrum on a daily basis per customer request.

4. Inventory Replenishment and Reporting
  * Inventory levels and reports will be accessible within Fulcrum.
  * Customers are responsible for maintaining and supplying their inventory as needed.
5. Quality Control
  * Conduct periodic inventory audits and reviews of inventory management processes to identify areas for improvement. 
  * Address any quality issues or non-conformities promptly to maintain high standards of inventory control.