SOP-3001: Inventory Count (Annual + Cycle)

Date of Issue: January 17, 2025 Revision: N/A Document No.: SOP-3001

  1. PURPOSE

To define the standard procedure for conducting Annual Inventory Count and Cycle Counts in Man of All Trade Business Units. The objective is to:

Verify the quantity and condition of all stock items.

Ensure records in Business Central/Navision match physical stock.

Identify discrepancies (variance, shrinkage, spoilage, mis-picks).

Improve stock accuracy, operational efficiency, and customer fulfillment.

  1. SCOPE

Applies to:

All Business Units (dark stores, warehouses, distribution centers).

All staff involved in inventory activities: Managers, Supervisors, OIC, Inventory Head, IT Support, Count Team, and Inventory Staff.

  1. RESPONSIBILITIES

Inventory Head – Oversees count, assigns tasks, approves variances, ensures compliance.

Count Team (Counters) – Execute physical counting, fill count sheets, tag racks.

Check Team (Checkers) – Independently verify counter counts, sign off on accuracy.

Store Supervisor / Manager (OIC) – Supervises staff, ensures procedures followed, investigates variances.

IT Support – Ensure ERP (Navision/BC) is fully updated; freeze stock balance pre-count.

Inventory Staff (Finance/Control) – Reconcile count results with ERP, post adjustments, report accuracy metrics.

  1. PRE-COUNT PREPARATION