Inventory Record Accuracy – Guaranteed!
Webinar
Achieve +95% Inventory Accuracy and Eliminate the Physical
Inventory
Course Description
Highly accurate inventory
records are essential for an enterprise to compete in the global marketplace.
Accurate inventory records support an organization’s efforts to achieve
customer intimacy and provide supply chain information to coordinate execution
and delivery systems.
The session provides an in-depth discussion of how to achieve +95%
inventory record accuracy and eliminate the physical inventory.
- How to measure inventory record accuracy.
- How to assess the current condition and level of accuracy in
the enterprise.
- The use of control group cycle counting for root cause
analysis.
- The ongoing cycle count process.
- Measurement and display.
- Action plans to resolve inaccuracies.
- Standards required to eliminate the physical inventory.
- Education for the enterprise to achieve and sustain +95%
accuracy.
The expected results from the session are:
- Achieve +95% inventory record accuracy (piece part and location
accuracy).
- Elimination of physical inventory.
- Save +$100,000 annually (cost of a typical inventory –
lost production time, overtime paid).
- Eliminate lost sales from out of stock inventory
positions.
- Eliminate premium freight.
Recommended Audience – This session is designed for
directors of Materials, Logistics, Finance, Warehouse and Distribution
Managers, Storeroom personnel and Manufacturing supervision.
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