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Inventory Record Accuracy Education

Inventory accuracy is critical for the operation of the Enterprise Resource Planning/Supply Chain Management business systems. Inventory accuracy can not be measured through a physical inventory or in dollars. Accuracy in a company’s business system is only useful when measured in physical quantities compared to the computer record or balance. ERP/Supply Chain business systems do not work from information expressed in dollars.

World Class companies measure their inventory accuracy in the number of correct records compared to the total number of records counted through a cycle count. The cycle count is a statistical sample used to help achieve record integrity and provide a measure of accuracy.

Buker, Inc. has been a worldwide leader in helping companies achieve inventory record accuracy. Every Buker client company for the last twenty-five (25) years has achieved 95-98% inventory accuracy and has eliminated their need to conduct a physical inventory. The Buker methodology to achieve inventory accuracy starts with an assessment that delivers: (1) an accurate measure of the company’s current inventory accuracy, (2) an action plan to achieve 95-98% inventory accuracy, and (3) an education and training program to sustain accuracy.

The Buker, Inc. inventory accuracy program achieves 95-98% record integrity and the elimination of the physical inventory – guaranteed!

Course Contents

PERSPECTIVE
Accurate inventory records are critical for planning and control of your manufacturing/distribution company. This course describes how ERP (Enterprise Resource Planning) depends on accurate inventory records and how a company achieves them in 120 days.

INVENTORY MANAGEMENT
The discussion establishes why inventories exist and the planning aspects which determine the levels of inventory.

THE 10 STEPS TO INVENTORY RECORD ACCURACY
These 10 steps form the methodology for achieving accurate inventory records. Each step is presented and discussed. Attendees develop an action plan to implement for each stem in their company.

EDUCATION
The outline of an effective education program to achieve inventory record accuracy is presented.

RESPONSIBILITY & ACCOUNTABILITY
The individuals within the organization who have ownership for accurate inventory must be identified.

TRANSACTION PROCESSING SYSTEM
The definition of a fail-safe transaction processing system is presented. The activities to create the model of the transaction process are discussed.

CONTROLLED STOCKROOM AREAS
The placement and organization of controlled stockrooms is discussed. In addition, point of use storage areas and elimination of stockrooms are presented.

LAYOUT AND MATERIAL FLOW
The physical arrangement of materials and movement within a controlled stockroom and point of use storage are discussed.

DEVELOP POLICIES AND PROCEDURES
The importance of procedures and setting company policies to support accurate inventories is clearly presented. Numerous examples are presented.

TRAINING PERSONNEL
The creation of the training program to be used to develop knowledgeable people in the handling of accurate inventories is described.

CYCLE COUNTING PROGRAM
Many examples are used to depict the various methods to cycle count inventory. How cycle counting is utilized to get at root cause not just fix inventory balances is examined.

TRANSACTION AUDIT TRAIL
The tools required to audit and analyze accuracy problems are presented.

MEASURE PERFORMANCE
Discussion and examples of sample formats measure and display inventory record accuracy is presented.

RECOMMENDED AUDIENCE
This course is designed for those individuals directly involved in inventory management, material handling, planning, logistics, information technology, manufacturing and finance.

  • Welcome to Buker, Inc.

    The world’s premier provider of results for manufacturing and distribution companies through the implementation of Lean Manufactuing, Six Sigma, Enterprise Resource Planning and Supply Chain Management principles and practices.

    We believe our role is to help companies generate rapid and sustainable business improvement. Throughout the consulting initiative, we show you what factors are critical to your success and why.

    Achieve sustainable breakthrough results with Buker, Inc.

    Buker, Inc. makes breakthroughs happen.

  • Inventory Record Accuracy
    – GUARANTEED

    This book provides a foolproof step by step approach to achieve inventory record accuracy. Every Buker client has achieved 95-98% record accuracy and eliminated their physical inventory.