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167-169 Great Portland Street, 5th floor, London, W1W 5PF

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2025 Audit Now © ALL RIGHTS RESERVED

Warehouse Inventory Management and Control Audit Checklist

A detailed checklist for auditing warehouse inventory management and control processes to optimize stock levels, improve accuracy, and enhance overall supply chain efficiency.

Warehouse Inventory Management and Control Audit Checklist

by: audit-now
4.6

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About This Checklist

Effective inventory management is crucial for success in the logistics and transportation industry. This comprehensive audit checklist is designed to evaluate and optimize warehouse inventory control processes, ensuring accuracy, efficiency, and cost-effectiveness. By systematically assessing key areas such as stock tracking, order fulfillment, and inventory turnover, this checklist helps logistics professionals identify areas for improvement, reduce waste, and enhance overall supply chain performance. Implementing regular inventory audits using this checklist can lead to significant improvements in warehouse operations and customer satisfaction.

Learn more

Industry

Transportation and Logistics

Standard

ISO 28000 - Supply Chain Security Management

Workspaces

Warehouses

Occupations

Inventory Manager
Supply Chain Analyst
Warehouse Supervisor
Logistics Coordinator
Inventory Control Specialist
1
Is the warehouse layout optimized for efficient stock movement?
2
What is the average time taken for picking operations (in minutes)?
​
Min: 1
Target: 5
Max: 30
3
How often are employees trained on inventory management procedures?
​
4
Is the logistics software fully utilized for inventory management?
5
What challenges are faced in inventory management?
​
6
How would you rate the performance of the suppliers?
7
What is the average delivery lead time from suppliers (in days)?
​
Min: 1
Target: 7
Max: 30
8
What are the reasons for any inventory shrinkage observed?
​
9
Are the inventory management policies being complied with?
10
What areas for improvement have been identified for the supply chain?
​
11
Is the cycle counting frequency compliant with the standard requirements?
12
How many stockout incidents occurred in the last month?
​
Min: 0
Target: 2
Max: 100
13
What reasons have been identified for any discrepancies in inventory levels?
​
14
Is the order processing efficiency meeting the target metrics?
15
What best practices are currently being implemented in inventory management?
​
16
Is the shelf space being utilized effectively?
17
What is the warehouse staff turnover rate over the last year (in percentage)?
​
Min: 0
Target: 10
Max: 100
18
What safety incidents have been reported in the warehouse?
​
19
Is the equipment maintenance schedule being followed?
20
What improvements can be made to enhance workflow efficiency in the warehouse?
​
21
Auditor Name
​
22
Site/Location
​
23
Date
​

FAQs

The frequency of inventory audits can vary depending on the size and nature of the business. Generally, full physical inventories should be conducted annually, with cycle counts performed weekly or monthly for high-value or fast-moving items.

An effective inventory management system should include accurate tracking methods, real-time inventory visibility, automated reordering processes, demand forecasting capabilities, and integration with other warehouse management systems.

Technology such as barcode scanners, RFID systems, automated storage and retrieval systems (AS/RS), and advanced warehouse management software can significantly improve inventory accuracy, speed up processes, and provide real-time visibility into stock levels.

Common challenges include inaccurate stock counts, inefficient picking and packing processes, stockouts or overstock situations, difficulty in tracking inventory across multiple locations, and managing returns and damaged goods effectively.

Inventory turnover can be improved by implementing just-in-time (JIT) inventory practices, using ABC analysis to prioritize stock management, optimizing warehouse layout for efficient picking, and regularly reviewing and adjusting reorder points and quantities based on demand patterns.

Benefits of Warehouse Inventory Management and Control Audit Checklist

Improves inventory accuracy and reduces discrepancies

Optimizes stock levels to minimize carrying costs and stockouts

Enhances order fulfillment speed and accuracy

Identifies slow-moving or obsolete inventory for better resource allocation

Supports data-driven decision-making in supply chain management