Critical Stocks Monitoring

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I. OBJECTIVE

1. To maintain the regular monitoring of the inventory of items

2. To inform the Operations Department about items that are on critical status

 

II. DEFINITION OF TERMS

1. Critical Stocks – refers to the list of items that have quantity below the daily required or needed inventory

 

III. GENERAL POLICIES

Every day, the assigned Warehouse Staff must monitor the inventory of all items and list all items that are on critical status with regards to quantity and post it on the board for Critical Stocks of the Day.

Also, Warehouse Staff must send an email to Store Operations Support (SOS) and Profit Center Section (PCS) with a copy of the said list. It must be updated and sent daily.

 

IV. PROCEDURE FLOWCHART

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V. REFERENCE/INTERFACE PROCESS

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VI. FORMS AND RECORDS

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