Identify the items in stock
Enter the quantity of each item
Input the price of each item
Calculate the total value of each item in stock
Classify items according to their category
Record the location of each item in the warehouse
Approval: Inventory Accuracy Check by Supervisor
Track items that are shipped in and out
Record the dates of shipment for proper tracking
Compare physical inventory against recorded numbers
Track the lifecycles of products from procurement to sale
Identify slow moving items
Identify and record items that are out of stock
Assess the need for restocking items
Approval: Restocking Decision by Manager
Calculate inventory turnover ratios
Forecast future inventory needs based on historical data
Update the inventory data in the database
Generate and analyze inventory reports
Make necessary changes or adjustments based on the analysis
Approval: Inventory Adjustment by Inventory Manager
