Title Page
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Site conducted
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Conducted on
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Prepared by
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Location
Inventory Management
Executive Directions
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Does the company have a policy of shelf stock and velocity? (ie. to hold 'x' weeks worth of stock on the shelf)
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Does the business have a Risk Management policy?
Inventory Management functions
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How often are Position Descriptions reviewed for relevance against current processes?
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Is there a scrap/environmental policy?
Software management
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What type of software is used for the inventory management function?
- SAP
- MILIS
- Oracle
- JD Edwards
- Pronto
- WMS Manhattan
- WMS Exceed
- MS Dynamic
- MYOB
- QuickBooks
- Other
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How many spreadsheets have been created to support the inventory functions?3
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Does the inventory team manage the system Master Data?
KPI's
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Can you export a detailed Locations report to Excel?
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Can you export a detailed Stock on Hand report to Excel?
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Can the above reports be easily modified?
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Are KPI's used inline with inventory functions?
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- No
- N/A
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○ SOH value - compare against budget forecasts (filter to define excesses and stock-outs)
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Stock Turn Ratio
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Months Stock on Hand - (SOH/average demand)
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○ Wastes - how defined and acceptable levels
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○ Excess inventory
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○ Obsolete inventory
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○ DIFOT
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○ DOT
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○ DIFOTIS
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○ Empty pick faces
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○ Empty reserves
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○ OOC SOH value
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○ Stocktake progress
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Were the KPI's designed from metrics or system created?
Communication & Training
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Communication - how frequently are Inventory Toolbox discussions held?
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How often is formal inventory training conducted?
Purchasing
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Does the inventory staffs also perform purchasing functions?
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Are financial delegation approval levels used?
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Do staffs manage MIN MAX calculations?
Continuous Improvement
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Is a slotting tool used for warehousing efficiencies?
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Does your IMS contain pick path function?
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How often is it run/reviewed?
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Does the site engage with any Production Platforms (eg. TQM, Lean, Six Sigma)
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How often are the reporting metrics reviewed?
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Is 5S use evident?
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Are processes measured on site for benchmarking purposes?
Observations
Safety
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MHE use?
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Safety equipment?
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Traffic Management
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Does the site comply with general safety requirements?
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Racking?
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Warehouse
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Is the warehouse layout conducive to operational efficiencies?
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Are the SKU slots best suited for the type of inventory?
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Is the warehouse flow logical - In/Out without cross over?
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Is there excessive space available?