Maintaining inventory records involves several key steps:
Classification: Categorize inventory into different classes such as raw materials, work-in-progress, and finished goods. Documentation: Record details such as item descriptions, quantities, locations, and purchase dates. Use unique identifiers like SKU numbers or barcodes. Regular Audits: Conduct regular physical counts and reconcile them with recorded inventory to identify discrepancies. Technology: Utilize inventory management software to automate record-keeping and streamline operations.