Inventory Standards & Maintenance
Inventory Standards & Maintenance
This workflow template illustrates the analysis of the historical inventory's use of patterns to determine if changes to inventory standards are required and the comparison of current inventory levels (maintenance) versus established reorder points (and subsequent materials purchasing and approval, if needed). Purchase and download this template in PDF, Visio and PowerPoint formats. You can customize it to fit your own organization, or simply use it to better understand the Inventory Standards &
Related KPIs : Cycle Time: Material Stocking, Frequency of Inventory Audits, Inventory Turns
What is Inventory Standards & Maintenance?
Inventory Standards & Maintenance is a process that involves the analysis of the historical inventory's use of patterns to determine if changes to inventory standards are required and the comparison of current inventory levels (maintenance) versus established reorder points (and subsequent materials purchasing and approval, if needed). This process includes historical inventory usage review, transactional analysis (this analysis determines whether a number of orders are forming a trend or not), adjustments in inventory levels (if required), evaluation of materials requiring manual reordering (inventory management decides whether to approve or deny manual reorders), purchase order submission, reception or ordered materials and their subsequent invoices, invoice matching and resolution (should invoices not match) and invoice payment.
Download a Sample Inventory Standards & Maintenance
Frequently Asked Questions
Q: How do you create your Workflow Templates?
A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years analyzing operations at hundreds of leading companies worldwide, documenting thousands of business processes at precise levels of detail. We’ve anonymized this data—drawn from millions of dollars’ worth of consulting assignments—and have made it available to you in easy-to-use templates at affordable OpsDog prices.
Q: What can a Workflow Template do for me?
A: Boost productivity, efficiency, and service levels! Broken business processes—marked by manual workarounds, downtime, and errors—are all too common. Many businesses write off this waste as “the cost of doing business.” But you know better than that! Simply select the OpsDog Workflow Template that best fits your situation, tweak it to your liking, and then use it to train employees, identify process improvements, inform an IT project, or re-design a workflow. That’s a lot of power in your hands, cheap!
Q: What’s in the box when I buy one?
A: Three handy versions, all in one zipped file. It’s yours to download immediately upon purchase, and includes your chosen Workflow Template in PDF format, plus Microsoft PowerPoint (which you can edit), and Visio (which you can also edit).
Q: Your download-able templates look great. But I need something custom. Can you help?
A: Heck yes. Our analysts would be happy to provide you with a more detailed Workflow Template than what we offer for instant download. We can also develop an entirely new, customized Workflow Template to fit your business; we specialize in this stuff and would love to help you! Simply email us (firstname.lastname@example.org) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.
KPI's & Data
This workflow template illustrates the analysis of inventory levels and subsequent restocking or replenishment (if needed). Purchase and download this template in PDF, Visio and PowerPoint f...
Type : Workflow Template
Process Participants : Inventory Analyst, Logistics Manager, Logistics Specialist
Let us take your KPIs & business intelligence efforts to the top.