Hey there, welcome to our Inventory Management Training. In this session, we'll cover the key practices that help us manage inventory efficiently.

First, let's talk about keeping stock levels up to date. Whenever new products arrive, make sure to log them into the system right away. Always enter product codes, quantities, and storage locations accurately. This way, our records match up with what’s actually in stock, and we avoid any surprises when fulfilling orders.

Next, when processing orders, always check the inventory system to make sure we have enough stock to meet demand. If we’re running low, it’s time to reorder. If there’s excess, we need to move products quickly to avoid overcrowding.

Finally, stock audits are key to maintaining accuracy. Regularly check the physical stock and compare it with the system records. This helps spot any discrepancies early and keeps everything on track.

To wrap up, always update stock, manage orders wisely, and conduct audits regularly. Thanks for your attention, and let’s keep our inventory running smoothly!