Conducting a Physical Inventory?
Inventory Accuracy: People, Processes, and Technology will show you how.
Despite the well-documented problems associated with annual physical inventories, many manufacturing and distribution operations continue to conduct them year after year. To conduct a successful physical inventory you need to understand the problems that plague physical inventory counts as well as the steps to take to avoid them. Inventory Accuracy: People, Processes, and Technology not only covers these, but also introduces alternative methods that may prove to be far more effective in a given environment.
Physical Inventory Topics Covered:
- The reasons for conducting physical inventories.
- The problems associated with physical inventories.
- How you may be able to avoid the annual physical inventory through cycle counting and audits.
- How to prepare for your physical inventory.
- When portable computers and bar codes are useful and when they are not.
- A better way to conduct tag counts.
- Understanding how quantities are handled in a physical inventory count program.
- The importance of transactional control.
- The reasons for conducting test counts.
- The pros and cons of conducting Blind Counts.
- Process for conducting recounts.
- Process for reconciling inventory count variances.
- Understanding the effects of adjustments.
- How to count without special programming.
- Various means of measuring accuracy based on the output of your physical inventory count process.
Inventory Accuracy: People, Processes, and Technology doesn't stop with the physical inventory and cycle counting process. Though important, conducting counts are only one piece of the accuracy puzzle. Understanding the characteristics of the work environment and the sources of error, developing processes that make accuracy easy, and creating an environment that is conducive to accuracy, are all covered in the book. In addition, detailed descriptions of technologies used and tips on specific processes round out this comprehensive treatment of inventory accuracy in distribution, fulfillment, and manufacturing operations.