Welcome to your Inventory Management Diagnostic Assessment
Q1. How is your inventory currently managed?
Q2. How often do you face stock mismatches between system/records and physical inventory?
Q3. Do you have standard policies for inventory classification (raw material, WIP, finished goods, spares)?
Q4. Are reorder points and safety stocks system-driven or manually decided?
Q5. Do you have real-time visibility into inventory levels across all warehouses/locations?
Q6. How do you track slow-moving or obsolete inventory?
Q7. Are inventory reports integrated with purchase, sales, and production decisions?
Q8. Do you maintain a dashboard/KPIs for inventory performance (turns, accuracy, stockouts)?
Q9. How confident are you in inventory data when making financial or production decisions?
Q10. Do you conduct regular cycle counts or stock audits?
Q11. How are inventory movements (issues/receipts/returns) documented?
Q12. Is there role clarity in your organization about who owns inventory accuracy?
Q13. How well is your inventory management linked with finance (valuation, costing, reconciliation)?
Q14. What is your biggest pain in inventory management today?
Q15. What is your future goal for inventory management?
