How do you maintain the inventory?

Question

Accepted Answer

I maintain the inventory by implementing a systematic approach that includes regular audits, accurate record-keeping, and efficient replenishment strategies.

Conduct regular audits to ensure accuracy and identify any discrepancies or shortages.
Maintain accurate records of inventory levels, including item descriptions, quantities, and locations.
Implement efficient replenishment strategies based on demand forecasting and lead times.
Utilize inventory management software or tools to track and monitor inventory levels.
Establish effective communication channels with suppliers to ensure timely delivery and avoid stockouts.
Optimize inventory turnover by analyzing historical data and adjusting order quantities accordingly.

Accepted Answer

Fixation of Min&Max stock and maintain more stock for critical material which is consume high

How do you maintain the inventory?

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