Manufacturing Inventory Control Checklist Template

Ensure production runs smoothly and costs stay in check with our Manufacturing Inventory Control Checklist Template! Minimize stockouts, reduce waste, and optimize your raw materials & finished goods inventory. Download now and streamline your manufacturing process!

This Template was installed 4 times.

Receiving & Inspection

1 of 10

Verify incoming shipments against purchase orders and inspect for damage or discrepancies.

Purchase Order Number

Quantity Ordered

Quantity Received

Condition of Packaging

Discrepancies Found

Description of Discrepancies (if any)

Date of Receipt

Receiving Dock/Area

Photo Documentation (if applicable)

Storage & Location Accuracy

2 of 10

Confirm inventory is stored in designated locations and locations are accurately reflected in records.

Verify Location Code on Bin

Quantity Confirmed

Condition of Bin/Shelf

Accessibility of Item

Notes on Storage Conditions (e.g., temperature, humidity)

UOM Discrepancy (if any)

Cycle Counting - Raw Materials

3 of 10

Regularly count a subset of raw material inventory to identify and correct errors.

Material Part Number

Quantity on Record

Quantity Counted

Discrepancy Found?

Discrepancy Notes (if applicable)

Resolution Required?

Count Date

Material Location

Cycle Counting - Work-in-Progress (WIP)

4 of 10

Cycle count WIP at various stages of production.

Work Center Location

Part Number

Quantity Counted

Quantity System Shows

Discrepancy Found?

Discrepancy Notes (if applicable)

Cycle Count Date

Cycle Count Time

Cycle Counting - Finished Goods

5 of 10

Cycle count finished goods inventory.

Finished Goods Item Code

System Quantity

Physical Count

Discrepancy?

Discrepancy Notes (if applicable)

Lot Number (if applicable)

Cycle Count Date

Location of Item

Condition of Goods?

Obsolete & Slow-Moving Inventory

6 of 10

Identify and assess obsolete or slow-moving inventory for potential disposal or adjustments.

Description of Item

Quantity on Hand

Date Item Last Moved/Used

Reason for Slow/Obsolete Status

Recommended Action

Estimated Salvage Value

Inventory Record Accuracy

7 of 10

Compare physical inventory counts to system records and investigate discrepancies.

Physical Count for Item A

System Quantity for Item A

Difference (Physical - System) for Item A

Explanation of Discrepancy for Item A

Discrepancy Resolved?

Date of Resolution

Resolution Notes (if applicable)

Adjusted System Quantity (if applicable)

Corrected by:

Safety Stock Levels

8 of 10

Review and adjust safety stock levels based on demand and lead times.

Current Safety Stock Level - Raw Material A

Target Safety Stock Level - Raw Material A

Rationale for Adjustment (if any)

Current Safety Stock Level - Finished Good B

Target Safety Stock Level - Finished Good B

Demand Pattern for Product C

Lead Time (days) - Supplier X

Lot/Serial Number Tracking

9 of 10

Verify proper lot/serial number tracking for traceability.

Lot Number (Item 1)

Serial Number (Item 1)

Quantity Received (with Lot/Serial)

Notes on Lot/Serial Number Condition (e.g., expiration date, damage)

Lot Status (Active, Quarantine, Expired)

Expiration Date (if applicable)

Documentation & Reporting

10 of 10

Confirm all inventory transactions are properly documented and reported.

Audit Date

Audit Start Time

Audit End Time

Total Inventory Items Counted

Number of Discrepancies Found

Summary of Discrepancies & Corrective Actions

Audit Findings Overall Status

Supporting Documentation (e.g., Inventory Reports)

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