ISBN 9788131522608,Achieving Inventory Accuracy : A Guide to Sustainable Class A Excellence in 120 Days

Achieving Inventory Accuracy : A Guide to Sustainable Class A Excellence in 120 Days



Cengage Learning India Pvt Ltd

Publication Year 2014

ISBN 9788131522608

ISBN-10 8131522601


Number of Pages 224 Pages
Language (English)

Literature fiction

Statistical evidence suggests that more than 50% of businesses allow their inventory accuracy records to flounder below acceptable, cost-effective levels. Yet inventory accuracy is one of the most effective methods for minimizing unnecessary costs to an organization and one of the easiest process improvements to accomplish if the right approach is followed. This step-by-step guide to achieving inventory record accuracy in a manufacturing, retail or distribution facility will help you dramatically reduce the variability and cost caused by inaccurate inventory balance data.

Starting at day one, leading expert Donald Sheldon outlines the elements of procedure and discipline necessary to achieve sustainable high levels of inventory record accuracy. The result is Class A 95%+ perfect inventory balances in 120 days with minimal cycle counting required for ongoing maintenance. A robust inventory accuracy control process is not expensive or technology dependent. Bar code technology and steel fencing will not make accuracy a reality, but focusing on consistency and discipline will