Achieving Inventory Accuracy

A Daily Guide to Sustainable Excellence

Donald Sheldon

• Publisher: J. Ross Publishing
• Year: 2004
• Topic: Business
• eBook ISBN:
  9781604276145
• Subtopic: Operations
• Index: Business

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. If you are a plant manager, inventory control manager, materials manager, warehouse manager or supervisor, this book is a must-read!

Table of contents

• Cover Page
• Title Page
• Copyright
• Table of Contents
• Dedication
• Preface
• About the Author
• Acknowledgments
• About APICS
• Web Added Value
• Chapter 1 - Understanding Data Integrity
• Chapter 2 - Building the Case for Data Accuracy
• Chapter 3 - Day 1-3: Preparing for Inventory Record Accuracy
• Chapter 4 - Day 4: Discovering Transactions and Inventory Flow
• Chapter 5 - Day 5-45: Control Groups and Root Cause Analysis
• Chapter 6 - Day 8-45: Policies and SOPs, The Training Tools for Process Control
• Chapter 7 - Day 9: Inventory Organization and Storage Patterns
• Chapter 8 - Day 15 and Beyond: Training for Process Control
• Chapter 9 - Day 45: Cycle Counting and Auditing Process Control
• Chapter 10 - Day 90: Celebration Number One!
• Chapter 11 - Measurement of Inventory Location Balance Record Accuracy
• Chapter 12 - Bill of Material and Routing Record Accuracy Introduction
• Chapter 13 - Item Master Record Accuracy Introduction
• Chapter 14 - A Word About Technology in the Inventory Accuracy Implementation
• Chapter 15 - 120 Days: 95+ Percent Inventory Balance Accuracy
• Glossary
• Gantt Chart
• Index