Retail Inventory Cycle Count Checklist Template

Ensure accuracy and minimize loss with our Retail Inventory Cycle Count Checklist Template! Streamline your stocktakes, identify discrepancies, and optimize your inventory management process. Perfect for boutiques, department stores, and online retailers. Download now and boost your bottom line!

This Template was installed 1 times.

Preparation & Planning

1 of 7

Steps to ensure the accuracy and efficiency of the cycle count process.

Cycle Count Date

Cycle Count Type

Number of Items to Count

Department/Location

Cycle Counter(s) Assigned

Threshold for Investigation (Units)

Special Instructions / Notes

Item Selection & Verification

2 of 7

Process for choosing items to count and verifying their details.

Cycle Count Sequence Number

Item Category

Item SKU/Product Code

Item Description

Location Bin Number

Unit of Measure

Expected Quantity (System)

Physical Count & Documentation

3 of 7

Recording the actual quantity on hand for each item.

Item Quantity Counted

Condition of Item (e.g., damaged, expired)

Item Location Within Store/Warehouse

Date of Count

Time of Count

Lot Number (if applicable)

System Quantity Validation

4 of 7

Comparing the physical count with the recorded quantity in the inventory management system.

System Quantity on Hand

Recorded Unit Cost

Unit of Measure

Total System Value

System Accuracy Flag

Notes on System Quantity (if applicable)

Discrepancy Investigation & Resolution

5 of 7

Steps to identify, investigate, and correct any differences found between the physical and system counts.

Physical Count Quantity

System Quantity

Discrepancy Amount (Difference)

Possible Cause of Discrepancy (e.g., data entry error, theft, damage)

Root Cause Category

Detailed Description of Investigation Findings

Corrective Action Taken

Notes on Corrective Action and Preventative Measures

Date of Resolution

Inventory Adjustment & Reconciliation

6 of 7

Updating the inventory records and reconciling any discrepancies.

Quantity Adjustment

Reason for Adjustment

Adjustment Type

Variance Amount

Supporting Documentation (Notes)

Adjustment Date

Adjustment Approved By

Review & Follow-Up

7 of 7

Steps to analyze cycle count performance and identify areas for improvement.

Cycle Count Review Date

Total Items Counted

Number of Discrepancies Found

Percentage of Discrepancies

Overall Cycle Count Accuracy

Summary of Findings and Recommendations

Root Cause Analysis Required?

Next Review Date

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