Track all stock levels regularly

Set minimum and maximum inventory levels

Use inventory management software

Categorize items by demand and value

Record every stock movement

Conduct regular physical counts

Reorder items before stock runs out

Remove obsolete or expired inventory

Forecast demand accurately

Store inventory properly

Assign clear inventory responsibilities

Review inventory reports frequently

Reduce excess stock

Monitor supplier lead times

Use first-in, first-out rotation

Audit inventory processes regularly