Transcription of Consortium Report Benchmarking & Best Practices
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Consortium Report Benchmarking & Best Practices
Benchmarking & best Practices Cycle Counting Increase Inventory Accuracy & Eliminate Wall-to-Wall Physical Inventory Consortium Report April 10, 2012 Bruce Tompkins Executive Director Supply Chain Consortium (919) 855-5527 Chris Ferrell Director Supply Chain Consortium (407) 362-0369 Page 2 Consortium Report : Inventory Accuracy Through Cycle Counting Copyright 2012 Supply Chain Consortium . All rights reserved. Confidential and Proprietary. Introduction High levels of inventory accuracy are critical to the success of any warehousing operation. Inaccurate inventory can cause increased operating costs, low service levels, poor customer service, and higher inventory levels. One of the best ways to combat inventory accuracy issues is with a proactive cycle counting program. These programs are effective tools that improve inventory accuracy. Although a sound cycle counting program cannot always deliver perfect accuracy, it can deliver the following results: Uncover the root causes of inventory discrepancies by taking timely corrective action to eliminate (or reduce) future discrepancies.
Benchmarking & Best Practices Cycle Counting Increase Inventory Accuracy & Eliminate Wall-to-Wall Physical Inventory Consortium Report www.supplychainconsortium.com
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