Inventory Operations Overview

Operation Type	Description	Common Statuses	Avg Duration	Priority Levels	Impact Metric	Common Tools Used
Goods Receiving	Processing incoming inventory from suppliers	Pending Inspection Completed	2-4 hours	High Medium	Receiving Accuracy %	Barcode Scanners, RFID
Putaway	Storing received items in designated locations	Pending Locating Stored	1-3 hours	Medium Low	Putaway Cycle Time	WMS, Forklifts
Order Picking	Selecting items for customer orders	Pending Picking Packed	30min-2hrs	High Medium	Pick Accuracy Rate	Pick-to-Light, Voice Picking
Inventory Transfer	Moving stock between locations/warehouses	Requested In Transit Completed	4-8 hours	Medium Low	Transfer Accuracy	Transport Management Systems
Inventory Adjustment	Correcting stock discrepancies	Identified Approval Adjusted	1-2 days	High Medium	Variance %	Cycle Count Tools
Returns Processing	Handling customer/supplier returns	Received Inspection Processed	4-48 hours	Medium Low	Return Rate %	RMA Systems