Transcription of Inventory Cycle Counting - REM Associates
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Inventory Cycle Counting - REM Associates
Inventory Cycle Counting 20 Nassau Street, Suite 244. Princeton, NJ 08543-7345. Phone: (609) 275-4444. Fax: (609) 275-5651. Email: WWW: Cycle Counting TABLE OF CONTENTS. Cost of Inaccurate Records .. 4. Two approaches: Periodic and Cycle .. 4. ABC Inventory Analysis .. 5. ABC 5. Extension of The ABC Analysis .. 6. Count Frequency .. 7. Implementing a Cycle Count Process .. 7. When To Count .. 8. Causes of Inventory Accuracy Errors .. 8. Summary .. 8. Copyright @1999, REM Associates of Princeton, All rights reserved 2. Cycle Counting Introduction Inventory accuracy is a critical and highly sensitive area affecting firms. Cycle Counting can increase Inventory accuracy to levels of 97% and better, while offering significant cost savings when compared to physical Inventory Counting that the majority of firms currently use. Inventory record accuracy has a significant impact on increasing levels of customer service, reducing costs, and increasing productivity.
Inventory Cycle Counting 20 Nassau Street, Suite 244 Princeton, NJ 08543-7345 Phone: (609) 275-4444 Fax: (609) 275-5651 Email: rem@remassoc.com
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