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1. Setting up of various stock levels.2. Preparations of inventory budgets.3. Maintaining perpetual inventory system.4. Establishing proper purchase procedures.5. Inventory turnover ratios. and6. ABC analysis.
1) Daily CYC for high value items .
2) control the DRTV & damage and follow up to decreas the value .
3) Control the NEG sales to accrute the inventroy value you have.
1. Setting up a well verse process work flow and systematic procedures on how a daily transaction will proceed
2. Strict implementation of First In First Out procedure
3.Creating a minimum and a maximum inventory level
4.Regular recording & reconciling
5.Hiring quality people that will perform all of the above task.
