SOP of Inventory item In & Out

The name of the SOP is SOP Inventory item In & Out. It will be performed by Store in-charge and reporting to Director / CEO / GM.

Purpose:

The purpose of this SOP is to establish a systematic approach to record all inventory items entering and leaving the company. This will ensure:

• Accurate documentation of outgoing items

• Efficient tracking of incoming items

• Consistency in inventory management procedures

Scope:       

This SOP outlines the procedures for effectively documenting the movement of goods, encompassing all incoming and outgoing items within the organization.

Responsibilities

Stores Manager / In-Charge: Responsible for executing the procedures outlined in this SOP and ensuring compliance.

 

Procedure:

Documentation Requirement:

• A Gate Pass must be generated for all outgoing items.
• A Goods Receipt Note (GRN) must be created for all incoming items.

System Monitoring:

• The inventory management system will be utilized to track the status of all inward and outward inventory items.

System Updates:

• The inventory system must be updated for every transaction concerning the movement of items, including documentation of both arrival and dispatch.

Benefits:  

• Comprehensive records of all incoming and outgoing items will be maintained in the system.
• Enhanced control and monitoring of inventory movement, enabling better decision-making and efficiency in inventory management.

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