Inventory Record Accuracy : Unleashing the Power of Cycle Counting

Using the system that has yielded record accuracy rates of 95 percent or higher, this book shows companies how to overcome a basic but critical challenge--inventory record accuracy. The authors steer readers past the major pitfalls in planning and implementing a cycle-counting inventory system and explain how to manage inventory, implement new programs, and realize cost savings. The proven, innovative methods are indispensable for any inventory or production manager.

Updated to cover the latest tools and techniques in Cycle Counting, Inventory Record Accuracy, Second Edition covers all the developments in the discipline since this book was first published in 1995. This classic text has helped thousands of companies dramatically improve their inventory accuracy and it will help your business do the same.

Written by leading consultants and Principals of Oliver Wight Americas, Inventory Record Accuracy, Second Edition covers everything you need to know to manage inventory in an economy that demands lean and flexible production processes. For accuracy, efficiency, and higher profits, this is the go-to guide for your inventory management needs.

This new edition brings you up to date on inventory control with thorough coverage of new topics such as RFID, supplier/vendor-managed inventory, inventory record accuracy in lean or agile environments, error sleuthing in Cycle Counting, and much more. Plus, the book covers all the basics from the first edition, including how to:

• Evaluate your current inventory system to identify areas for improvement

• Design and manage the implementation of Cycle Counting

• ffectively improve inventory management at single or multiple facilities

• Eliminate time-consuming physical inventories

• Empower work groups to facilitate the use of Cycle Counting

• Coordinate the use of Cycle Counting with Lean or MRP II

• Apply Cycle Counting concepts in a process industry setting

• Develop important operating procedures to ensure optimal inventory accuracy over the long term

Totally up to date and more thorough than ever, Inventory Record Accuracy, Second Edition shows you how to unleash the power of Cycle Counting and experience the benefits of dramatically improved inventory record accuracy.