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Table Of Contents

Introduction
The importance of record accuracy
Why have accurate records?
What accuracy do we need?
Identifying the objectives
How to measure accuracy
THE IMPORTANCE OF RECORD ACCURACY 11
Accuracy targets
Record pro formas
Benefits from accurate records
Effects of record accuracy
Counting the cost of inaccuracy
Excess inventory
Shortages
Causes of inaccurate records
Observations of inaccuracy
Analysis of underlying reasons for inaccuracy
Structures to avoid inaccuracy
Low inventory levels
Zero inventory
Vendor-managed inventory
Consignment stocks
External storage
Responsibilities for accuracy
The foundations of accurate records
Information quality
Ownership of stock
Whose records are they?
Locked stores
The people factor
The recording system
Item identity
Check digit systems
The right environment
Failsafing (Pokeyoka)
Flow of material
Coordinated batches
Control areas
Security
Stores layout
The need for real-time recording
Batch quantities
Batch progress control
Controlling stock movement
Simplification
Kit marshalling
Backflushing
Input/output monitoring
Company material balance
Financial control of stock value
Inventory checking
Inventory counting
Inventory checking (stocktaking)
Principles of cycle counting
ABC analysis
Organizing the cycle count
Defining the requirements
Accuracy through information technology
Overview
Stores computing
Bar coding
Pitfalls in using bar codes
Weigh counting
Portable terminals
Summary of current technological solutions
Radio frequency identification
Record accuracy as a project
Project teams
Setting up the project
Steps for improving record accuracy
The management of record accuracy
Monitoring accuracy
Making it happen
Index
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Improving Inventory Record Accuracy

Improving Inventory Record Accuracy

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Published by Thomas Tham

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Published by: Thomas Tham on May 06, 2011
Copyright:Attribution Non-commercial

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07/15/2013

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