This tool outlines questions to consider when assessing the function of and identifying gaps in an organization’s inventory management process.
Questions to consider include: How well does my company perform activities? Is this an issue that is or should be important to me and my company? Have specific uses of forecasts been identified? Do action plans to support forecast achievement exist? Are forecast details and periods adequate? Are various departments involved? Are internal and external data sources used? Are product/customer characteristics used? Are trends, patterns and fluctuation recognized?