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Inventory

AUDIT

It’s time for you to learn how to perform an inventory audit. Over the next
several pages you will learn more about and prepare for the inventory audit,
and then finally complete the audit activity at the end of the section.

Performed _________ per week, inventory audits not only help us keep track
of our inventory, but they help us serve the customer. How do they help serve
our customers?
List three ways inventory that audits help us serve our customers:

1.
2.
3.

What day or days of the week, does your store perform inventory audits?

1.
2.

If you mentioned having the merchandise that our customers want and expect
us to have, then you’re on the right track.

Other stores nearby that have the merchandise we need can send it to us,
but that’s wasted time for the customer. And the flipside is that knowing our 3-285-817-61 STR-DG820 CA R MODEL NO. STR-DG820
SERIAL NO. 4774085
own stock means aiding other stores in keeping their customers happy with
merchandise that they want and need.

We also want to make sure that we keep any inventory from sitting too long
on the floor or the staging area. Merchandise that sits still (we call it idle
inventory) is merchandise that loses revenue.

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