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How to Ensure Accurate Inventory Counts When Transferring Stock

Writer's picture: Shambhabi RahaShambhabi Raha

Updated: Dec 9, 2024

When transferring stock between warehouses, maintaining accurate inventory counts is crucial. Mistakes during these transfers can lead to significant operational inefficiencies and financial discrepancies. By planning ahead, using barcode technology, verifying counts, updating systems promptly, training staff, and conducting regular audits, businesses can ensure precise inventory management.

Transferring stock between warehouses can be a complex process, but with the right strategies.

How you can ensure accurate inventory counts

Plan in advance

Proper planning is essential to minimize disruptions. Schedule transfers during low-traffic periods and ensure both warehouses are prepared. Confirm all items are labeled correctly and communicate/mention any special handling requirements. This preparation helps prevent common issues like misplaced or misprocessed items.

Implement Barcodes

Barcode technology is a reliable way to track inventory accurately. Assign unique barcodes to each item and train your staff to use barcode scanners effectively. This reduces human error and updates inventory counts in real-time, keeping your system accurate. Additionally, consider barcoding storage locations to streamline the process further.

Verify Counts

Implement a double-check system where one employee counts the items and another verifies the count before the stock leaves the warehouse. Repeat this process upon arrival at the destination. This verification step helps catch and correct discrepancies early.

Keep your inventory management system up-to-date

After verification, promptly update your inventory management system. Ensure all relevant data fields, such as location, quantity, and batch or serial numbers, are updated. Timely updates are crucial for maintaining real-time accuracy in your records.

Train Your Team

Regular training for staff on transfer procedures and technology is vital. Make sure they understand the entire process, from packing and labeling to scanning and updating records. Well-trained staff are less likely to make mistakes, maintaining high standards of accuracy.

Conduct Regular Audits

Conduct regular audits to compare physical counts with inventory records. Schedule these audits periodically or randomly to ensure ongoing accuracy. Investigate and resolve any discrepancies immediately. Regular audits can also identify areas for process improvement.

Fieldmobi for Distribution and Logistics Company

Fieldmobi is an advanced mobile warehouse management solution designed to enhance warehouse operations. Here are some key features that make Fieldmobi indispensable for distributors:

Stock Count and Adjustment
How to Ensure Accurate Inventory Counts When Transferring Stock

Fieldmobi offers mobile-based stock counting with image proof, making inventory management easier and more accurate. There are multiple types of stock counts available:

  • Cyclic Stock Count: Compare current stock data by loading existing inventory and tracking balances.

  • Full Inventory Stock Count: Perform a comprehensive count and compare it against stock data after the activity.

After counting, you can generate adjustment reports to reflect any changes needed. This ensures your inventory records are always up to date and accurate.

Manage and Verify Picking and Packing Activities.

Fieldmobi helps manage and verify key warehouse operations such as picking, packing, and stock movement:

  • Image Proof: Capture images of ready-to-pack items, packed items, and any repacked items.

  • Activity Tracking: Monitor and analyze the time spent on each activity.

  • Alerts for Mismatches: Receive alerts if there’s a mismatch between order requests and the items packed for delivery.

This ensures smooth operations and accurate order fulfillment.

Dispatch, Delivery, and Replenishment

Fieldmobi streamlines dispatch, delivery, and replenishment processes:

  • Verify Loading: Check and record vehicle information during loading.

  • Verify Unloading: Capture images and location data for unloading and replenishment.

  • Geofence Alerts: Get alerts if deliveries are made outside designated areas.

  • Driver Updates: Receive status updates from drivers about any issues or incidents.

  • Productivity Analysis: Track productivity and identify areas for improvement.

These features ensure efficient and accurate management of delivery and replenishment activities.

Watch our Demo here.

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