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This workflow template illustrates the process of checking inventory levels and stock keeping units (SKUs) to resolve inconsistencies related to inventory pricing, cost/price setup and/or packaging issues. Purchase and download this template in PDF, PowerPoint (PPT) and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand the Inventory Discrepancy Resolution process.Download a Free Sample of this Workflow Template
What is Inventory Discrepancy Resolution?
The Inventory Discrepancy Resolution process involves coordination between inventory analysts, warehouse staff and master data management employees to research and resolve inventory inconsistencies discovered by front-line staff members. Inventory discrepancies can be related to pricing or cost setup errors, mis-labeled products, and/or errors during the receiving process (i.e., stock not recorded into inventory system correctly). Once the reason for the discrepancy is determined, the inventory analyst is responsible for contacting the appropriate parties to resolve the issue.
Which KPIs, or metrics, are typically used to measure this process?
The following metrics may be used to measure the Inventory Discrepancy Resolution process:
Which employees and/or departments are involved in this process?
The following parties are typically involved in the Inventory Discrepancy Resolution process:
What is the purpose of these workflow templates?
Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.
How are these workflow templates created?
These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.
How do I download a workflow template?
Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, Visio (VSD) and PowerPoint (PPT) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.