Supply Chain Inventory Accuracy Audit Checklist
Ensure your inventory is always on the money! This Supply Chain Inventory Accuracy Audit Checklist helps you pinpoint discrepancies, minimize losses, and optimize stock levels for a leaner, more profitable operation. Download now and gain control of your supply chain!
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Receiving & Putaway
Verifying accuracy during goods receipt and initial storage.
Receiving Date
Purchase Order Number
Quantity Received
Quantity Damaged/Short
Condition of Goods
Remarks/Notes on Receiving
Putaway Location Confirmed
ASN (Advanced Shipping Notice) Received?
Cycle Counting Procedures
Reviewing the frequency, accuracy, and reconciliation of cycle counts.
Cycle Count Frequency (Days)
Cycle Count Method
Target Count Accuracy (%)
Cycle Count Instructions/Guidelines
Items Requiring 100% Count
Last Cycle Count Review Date
Cycle Counter Signature
Inventory Record Integrity
Assessing the alignment between physical inventory and system records.
Unit of Measure Discrepancy Count
Quantity Variance Percentage (Average)
Method for Identifying Discrepancies
Description of Common Discrepancy Causes
Date of Last System Reconciliation
Inventory Record Types Subject to Discrepancies
Number of Unresolved Discrepancies
Warehouse Management System (WMS) Configuration
Checking the proper setup of inventory parameters and data flow within the WMS.
Default Reorder Point (Safety Stock)
Maximum Inventory Level
Unit of Measure Configuration
Inventory Status Codes
Lot Tracking Enabled?
Last WMS Configuration Review Date
Notes on recent configuration changes
Physical Inventory Counts
Evaluating the methodology, resources, and reconciliation of full physical inventory counts.
Planned Physical Inventory Start Date
Number of Inventory Counters
Detailed Inventory Counting Methodology Description
Specific Area/Zone of Inventory being counted (e.g., Aisle 1, Receiving)
Estimated Time to Complete Count (hours)
Which areas were physically re-counted (select all that apply)
Inventory Counter Signature
Stock Location Management
Analyzing the system for accuracy of location data and how this effects inventory tracking.
Number of Designated Stock Locations
Stock Location Coding System Type
Description of Stock Location Mapping Process
Percentage of Stock Locations with Accurate Mapping
Methods for Verifying Stock Location Accuracy
Date of Last Stock Location Audit
Returns Processing
Auditing the process of damaged and returned inventory.
Number of Returns Processed This Period
Summary of Primary Return Reasons
Return Authorization (RA) Process Followed?
Date of Last Return Process Improvement Review
Document Types Required for Return?
Description of Damage Assessment Process
Return Disposition (e.g., Restock, Repair, Dispose)
Data Reconciliation & Variance Investigation
Reviewing the procedures for identifying and resolving inventory discrepancies.
Variance Threshold (%)
Date of Variance Identification
Description of Variance
Quantity Discrepancy (Units)
Variance Category
Root Cause Analysis Summary
Corrective Action Taken
Date Corrective Action Implemented
Training & Competency
Assessing the training provided to staff involved in inventory management.
Number of employees trained on inventory procedures
Training delivery method (select all that apply)
Date of last inventory accuracy training session
Description of training content and key topics covered
Trainer qualification level
Upload training materials/certificates
Average score/assessment result of training
Documentation & Record Keeping
Examining the accuracy and completeness of inventory-related documentation.
Last Physical Inventory Date
Summary of Physical Inventory Findings
Sample Cycle Count Records
Number of Discrepancies Identified
Description of Discrepancy Resolution Process
Record Retention Policy Adherence
Date of Last Audit of Inventory Records
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