ChecklistGuro Dead Stock Identification and Disposal Process
Optimize your warehouse efficiency with our Dead Stock Identification and Disposal Process. Learn how to proactively detect obsolete inventory, minimize carrying costs, and implement strategic liquidation workflows to reclaim valuable space and boost your bottom line.
Start
Start of the Workflow/Process.
1. Fetch Inventory Records
Retrieve all stock entries from the Inventory Data Model to begin the audit.
2. Calculate Days in Stock
Calculate the age of each inventory item by subtracting the 'Last Sale Date' from the 'Current Date'.
3. Sum Total Value of Aged Stock
Aggregate the 'Unit Cost' of all items identified as dead stock to determine the total financial impact.
4. Flag Items as 'Under Review'
Update the status of identified items in the Inventory Data Model to 'Review Pending'.
5. Assign Stock Audit Task
Create a task for the Warehouse Manager to physically verify the existence and condition of the flagged items.
6. Fetch Audit Results
Retrieve the completed audit logs and condition notes entered by the Warehouse Manager.
7. Determine Disposal Category
Use logic to categorize items into 'Liquidate', 'Donate', or 'Destroy' based on condition and age.
8. Create Disposal Order
Generate a new entry in the Disposal Orders Data Model for all items marked for removal.
9. Notify Finance Department
Send an email to the Finance Team with the aggregated total value of stock to be written off.
10. Execute Disposal Execution
Create a task for the Logistics Team to physically remove items from the warehouse.
11. Update Inventory Quantity
Reduce the 'On Hand' quantity in the Inventory Data Model for all disposed items.
12. Remove Obsolete SKUs
Delete entries from the Inventory Data Model for items that are completely destroyed and have no future value.
13. Generate Monthly Dead Stock Report
Create a summary report showing the total value recovered and total loss incurred during the process.
14. Send Completion Summary
Send a final email to Stakeholders confirming the successful completion of the disposal cycle.
End
End of the Workflow/Process.
Start of the Workflow/Process.
Retrieve all stock entries from the Inventory Data Model to begin the audit.
Calculate the age of each inventory item by subtracting the 'Last Sale Date' from the 'Current Date'.
Aggregate the 'Unit Cost' of all items identified as dead stock to determine the total financial impact.
Update the status of identified items in the Inventory Data Model to 'Review Pending'.
Create a task for the Warehouse Manager to physically verify the existence and condition of the flagged items.
Retrieve the completed audit logs and condition notes entered by the Warehouse Manager.
Use logic to categorize items into 'Liquidate', 'Donate', or 'Destroy' based on condition and age.
Generate a new entry in the Disposal Orders Data Model for all items marked for removal.
Send an email to the Finance Team with the aggregated total value of stock to be written off.
Create a task for the Logistics Team to physically remove items from the warehouse.
Reduce the 'On Hand' quantity in the Inventory Data Model for all disposed items.
Delete entries from the Inventory Data Model for items that are completely destroyed and have no future value.
Create a summary report showing the total value recovered and total loss incurred during the process.
Send a final email to Stakeholders confirming the successful completion of the disposal cycle.
End of the Workflow/Process.
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