Cycle Counting & Inventory Record Accuracy

Accurate inventory records are attainable and this seminar explains how. It focuses on three key elements: 

• Setting up and operating Cycle Counting to replace physical inventories. 

• Reducing the cost and frustration of Physical Inventories. 

• Reducing transaction volume and thereby reducing the introduction of new errors.

• Finding and eliminating the Root Causes of errors to reduce cycle counting effort. 

Phone to Schedule

816-931-1414

1. The Importance of Accurate Records

Why Inventory Record Accuracy Is Important

How To Measure Record Accuracy

2. The Physical Inventory

Tags or Count Sheets?

Procedures

Preparation

Training

Organizing The Count

Should You Hire An Outside Firm?

Reporting The Results

3. Cycle Counting

How Cycle Counting Works

Setting Up a Cycle Counting Program

Who Should Count?

How Many Counts?

What Procedures?

Coping With Ongoing Transactions

4. Reducing Errors At The Source

Why Work At Error Source Reduction?

Tools For Corrective Action

Tracking Corrective Action Activities

The Advantages of Barcoding

Reducing The Pain With Cycle Counting

• What Cycle Counting is and why it works

• The fundamental statistical principles that underlie cycle counting.

• How to organize, staff and direct your cycle counters.

• To determine procedures for cycle counting and fixing errors.

• How to determine the number of cycle counts per day and how many people to assign.

• How to cope in a 24-7 environment.

• To measure progress and adjust your program as required.

• Three ways to measure inventory accuracy and which to use for your situation

How To Eliminate Root Causes

• Why finding the cause of an error is more important than the error.

• How to find and fixing the Root Causes of errors.

• Is bar-coding right for you?.

Easy and Accurate Physical Inventories

• How to set up an efficient and effective procedure for the physical inventory

• How to prepare for a physical inventory

• How to motivate your counters and workers

• Using count teams for speed and accuracy

• The advantages and disadvantages of hiring an outside inventory firm