Inventory accuracy has a significant impact on
increasing customer service, reducing costs, supporting effective planning
and increasing overall productivity. Companies with exceptional inventory
record accuracy are positioned to gain a winning edge on their competition.
Inventory record accuracy is a measure of how closely inventory records
match the actual physical inventory. The Cycle Counting methodology plays a
vital role in attaining and measuring inventory record accuracy. A winning
cycle count program can complement, and then eventually replace the annual
physical inventory.
The most critical – yet, least utilized - element of a winning cycle count
program is the feedback to identify and correct inventory problems. Once the
root causes of problems have been identified, the plant and warehouse
employees can be educated on the findings.
After this clinic you will be able to:
- Select and implement a winning cycle count strategy that fits
your business.
- Utilize lessons-learned from companies who have already gained a
winning edge.
- Avoid the “seven deadly sins” that hinder most cycle count
programs.
- Utilize technology to maximize the effectiveness of your cycle
counting.
Mike Sarro
Mike Sarro is a Professional Speaker, Educator and Consultant working for
PHOENIX Business Consulting, Inc. He has over 25 years of hands-on business
experience in Enterprise Resource Planning, Warehouse Management, and
Automatic Data Collection, and Lean Concepts. He is APICS certified (CPIM,
CSCP), Toastmasters International certified (CTM) and is an active member of
the National Speakers Association (NSA). Mike can be reached at msarro@phoenixbcinc.com
