PDF Download: inventory accuracy eBook

Author: Donald H. Sheldon
Publisher: J. Ross Publishing
Release: 2004-07-15
Size: 72.72 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 224
View: 5990

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This book is a step by step guide to achieving inventory record accuracy in a manufacturing, retail, or distribution facility. Starting at day one, the author outlines the necessary elements of procedure and discipline necessary for good sustainable process. The result is 95+% perfect inventory balances with minimal cycle counting required for on-going maintenance. The book includes special aids such as Gantt charts, cycle count process parameters, and process celebration points. Donald H. Sheldon is certified at the Fellow level by APICS as CFPIM and as CIRM.

Author: Roger B. Brooks
Publisher: John Wiley & Sons
Release: 2008-03-31
Size: 61.79 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 208
View: 2272

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Praise for INVENTORY RECORD ACCURACY "This updated version of Inventory Record Accuracy preserves its humorous and easy-to-read style. Supply chain practitioners, in traditional or lean manufacturing, will find it a helpful guide. Cleverly outlined, the rigorous yet simple process for both on-hand and on-order inventory provides accuracy levels required for real-time data systems." -Maria Teodorovic, Quality Systems Manager Weyerhaeuser Corporation "Inventory Record Accuracy is truly a practitioner's guide. The book's collection of anecdotes provides real-life insight into the potential challenges of achieving IRA, and the combination of an easy-to-read text and simple drawings makes this book an easy road map to follow on the proven path to higher inventory record accuracy." -John Dietz, Director, Manufacturing Resource Planning Lockheed Martin Space Systems "Brooks and Wilson are the experts on inventory record accuracy. Inventory Record Accuracy goes right to the core of the issues without a lot of soft-soaping. Every materials manager, stockroom manager, and cycle counting supervisor should have a copy within arm's reach." -Adrian R. Barrett, 6 Sigma Master Black Belt Caterpillar, Inc. "Excellent coverage of a fundamentally important topic. By far, the best book on the subject I've ever read. The three-phase approach to inventory record accuracy should be required reading for all manufacturing managers." -Edward W. Davis, Professor of Business AdministrationThe Darden School, University of Virginia

Author: Joseph L. Aiello
Publisher: CRC Press
Release: 2007-08-03
Size: 49.82 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 512
View: 6660

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Understanding inventory—its costs, its place in the supply chain, and what is considered its optimal level—is important to an organization’s profitability. Demonstrating how each link in the supply chain plays an integral role in the success of the whole, Rightsizing Inventory examines inventory throughout the entire internal and external supply chain. The book covers every aspect of inventory. Each chapter defines roles and responsibilities, identifies methods to improve collaboration, and presents the tools, techniques, and methodologies for each link.The book includes150 TIPS on "How to Rightsize Inventory,” and examines the areas of finance, accounting, sales, marketing, planning, purchasing, manufacturing, warehousing, transportation, distribution, facilities management, human resources, information technology, product engineering, process engineering, field service, quality, and the external customer. Providing a complete overview on inventory and its place in the supply chain, Rightsizing Inventory is an important resource for those involved in making that supply chain run smoothly and profitably.

Author: Ed C. Mercado
Publisher: CRC Press
Release: 2007-12-13
Size: 48.26 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 128
View: 950

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Better inventory management translates directly into better cash flow for businesses. However, in order to successfully manage inventory, businesses must strike a balance between customer demand and the amount of inventory they keep. Hands-On Inventory Management demonstrates principles key to developing an inventory management process, which will meet customer needs while keeping inventory costs at a level reasonable enough to produce a profit. The text explains basic inventory principles, calculations, and techniques using real-world examples. Different operational situations require different inventory planning and replenishment approaches; hence, this book emphasizes the prerequisites needed for success in a number of different industries. These prerequisites include top management support, a clear definition of responsibilities and alignment of goals throughout the company, as well as uncomplicated item identification. The author stresses the importance of accurate recordkeeping and delineates the most common causes of inaccurate records. He provides solutions to mitigate these causes and demonstrates how businesses can develop and administer a cycle counting program that will lead to a more well-managed physical inventory. Using a building-block approach, Hands-On Inventory Management gives a clear view of what steps must be taken to strike a profitable balance between customer demand and inventory.

Author: David J. Piasecki
Publisher: Ops Pub.
Release: 2003
Size: 11.61 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 346
View: 6663

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Inventory accuracy starts with an understanding of the conditions under which errors occur and ends with error-resistant processes, intelligent use of technology, a well-trained and highly motivated workforce, and an ongoing process of continuous improvement. In between, theres cycle counting, root cause analysis, process evaluation, user interface design, procedures, employee training, accountability, control methods, process checks, audits, exception reporting, transaction techniques, measurement, counting methods, bar codes, RF systems, speech-based technology, light systems, and software. Inventory Accuracy: People, Processes, & Technology covers all of these topics and more in a comprehensive treatment of the subject of inventory accuracy in distribution, fulfillment, and manufacturing environments. In addition to documenting the standard tools and techniques used to achieve accuracy, the author provides insights as to why many of the standard solutions dont provide the best results and offers alternative methods. The focus on practical solutions that take into account the sometimes-conflicting priorities that affect accuracy, results in an approach that not only looks good on paper, but more importantly, works in the real world.

Author: Tony Wild
Publisher: Routledge
Release: 2012-11-12
Size: 48.51 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 144
View: 3958

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Record accuracy has become the focus of attention for many businesses because customers have higher expectations of the right item being delivered on time, and competitive pressures do not allow for extra stockholding. Businesses now have the opportunity to become much more effective given the correct information, the development of better communication and integration of systems. For inventory management, the pressure for most companies is to become more efficient and hold less inventory. The accuracy of data has gradually been emerging in importance. The systems only work if the data is correct and with the introduction of integrated data, there are wide ranging repercussions for businesses that draw conclusions and make decisions based on inaccurate records. Where there is a lot of data, there is the opportunity for many and large errors. This is often the case with inventory: many items, large varieties of different items, and fast changing inventory. Measuring how much there is becomes a challenge in many businesses such as consumer retailing and manufacturing processes where inventory changes so rapidly. With large warehouses there is also the risk of inaccurate recording so that items are not there or not in the right place. Improving Inventory Record Accuracy initially discusses how to quantify the problem, set sensible targets for improvement and how to make the case for doing something to improve accuracy. The book then discusses why inventory records do go wrong and how to rectify the major causes of error. Finally the book illustrates the techniques with which everyone can make their records very accurate. This is a practical book that solves a practical problem and shows the ways to improve record accuracy. Tony Wild has amassed many techniques over the years, has tried them out in practice and he presents them here in an accessible style for professional managers in logistics and stock control, retail/wholesale distribution. The book is also intended for use by students on Institute of Operations Management Certificate, DPIM, CPIM and DLM courses.

Author:
Publisher:
Release: 2007
Size: 42.79 MB
Format: PDF, Docs
Category :
Languages : en
Pages : 86
View: 6612

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Author: Antony Wild
Publisher: Routledge
Release: 2004
Size: 12.70 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 134
View: 138

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Measuring how much there is becomes a challenge in many businesses such as consumer retailing and manufacturing processes where inventory changes so rapidly. With large warehouses there is also the risk of inaccurate recording so that items are not there or not in the right place. Improving Inventory Record Accuracy initially discusses how to quantify the problem, set sensible targets for improvement and how to make the case for doing something to improve accuracy. The book then discusses why inventory records do go wrong and how to rectify the major causes of error. Finally the book illustrates the techniques with which everyone can make their records very accurate. This is a practical book that solves a practical problem and shows the ways to improve record accuracy.-

Author: United States. General Accounting Office
Publisher:
Release: 1988
Size: 48.37 MB
Format: PDF, ePub, Docs
Category : Inventory control
Languages : en
Pages : 51
View: 3804

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Author:
Publisher:
Release: 1997
Size: 67.39 MB
Format: PDF, Kindle
Category :
Languages : en
Pages : 37
View: 269

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The overall audit objective was to determine whether the inventory accounts of the FY 1996 Defense Business Operations Fund financial statements are presented fairly in accordance with the "other comprehensive basis of accounting" described in Office of Management and Budget Bulletin No. 94-01, "Form and Content of Agency Financial Statements," November 16, 1993. For this part of the audit, we determined whether inventory balances of items managed by the Defense Logistics Agency and located in Mechanicsburg, Pennsylvania, were reflected in the Defense Depot, Susquehanna, Pennsylvania, inventory records. The review of the management control program applicable to the overall audit objective will be discussed in a subsequent report.