Inventory Accuracy Checklist: Retail Stock Control & Loss Prevention

Minimize stockouts, reduce shrinkage, and maximize profitability with our Inventory Accuracy Checklist! This retail stock control template helps you identify discrepancies, improve inventory visibility, and prevent costly losses. Perfect for retail stores of all sizes.

This Template was installed 2 times.

Receiving & Goods-In

1 of 8

Verify incoming shipments against purchase orders and packing slips. Inspect for damage and discrepancies.

Receiving Date

Purchase Order Number

Quantity Received (Per Item)

Condition of Goods

Notes on Condition/Discrepancies

Packing Slip Received?

Upload Packing Slip (if applicable)

Stock Rotation (FIFO)

2 of 8

Ensure 'First In, First Out' principles are consistently applied to minimize spoilage and obsolescence.

Date of Goods Received

Lot Number / Batch Code

Condition Upon Arrival

Quantity Received

Notes on FIFO Implementation (e.g., stacking method)

Expiration Date / Best Before Date

FIFO Compliance Verified?

Cycle Counts

3 of 8

Regularly count a small portion of inventory to identify and correct discrepancies.

Item Counted

System Quantity

Physical Quantity

Variance Found?

Variance Amount (if applicable)

Notes/Explanation of Variance (if applicable)

Cycle Count Date

Resolution Status

Physical Inventory Reconciliation

4 of 8

Compare physical inventory counts to system records and investigate significant variances.

Total Items Counted

Total Items Recorded in System

Discrepancy Count

Value of Discrepancy (USD)

Description of Significant Variances

Potential Causes of Discrepancy

Reconciliation Date

Inventory Counter Signature

Loss Prevention Checks

5 of 8

Inspect for signs of theft or damage and review security measures (cameras, alarms).

Security Camera Locations

Alarm System Status

Number of Broken/Damaged Locks

Observed Suspicious Activity (if any)

Condition of Exterior Doors/Windows

Date of Last Security Audit

Labeling & Pricing Accuracy

6 of 8

Verify that all items are correctly labeled with accurate pricing and barcodes.

Barcode Scan Count (Sample)

Price Tag Condition

Price Match Verification

Price Discrepancy Count

Description of Price Discrepancies

Label Material Condition

Number of unlabeled items

Backstock Management

7 of 8

Assess organization and security of backstock areas; check for damage or misplacement.

Backstock Area Location

Temperature (°C)

Pest Control Measures Implemented

Last Pest Control Service Date

Pallet Condition Rating (1-5, 5=Excellent)

Notes on Stock Condition (Damage, Spoilage)

Organization Method

Point of Sale (POS) System Integration

8 of 8

Confirm accurate data transfer between POS system and inventory database.

Last Successful Data Sync Timestamp (Unix Epoch)

Data Sync Method

Number of Items Not Syncing

Error Log Details (if applicable)

Inventory Category Sync Status

Last POS System Update Date

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