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| IMPROVING INVENTORY RECORD ACCURACY
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Getting your stock information right
To order this title, and for more information, click here
By
Tony Wild, Managing Director of Midas Consultants.
Description
Record accuracy has become the focus of attention for many businesses because customers have higher expectations of the right item being
delivered on time, and competitive pressures do not allow for extra stockholding. Businesses now have the opportunity to become much
more effective given the correct information, the development of better communication and integration of systems. For inventory management,
the pressure for most companies is to become more efficient and hold less inventory.
The accuracy of data has gradually been emerging
in importance. The systems only work if the data is correct and with the introduction of integrated data, there are wide ranging repercussions
for businesses that draw conclusions and make decisions based on inaccurate records.
Where there is a lot of data, there is the opportunity
for many and large errors. This is often the case with inventory: many items, large varieties of different items, and fast changing
inventory. Measuring how much there is becomes a challenge in many businesses such as consumer retailing and manufacturing processes
where inventory changes so rapidly. With large warehouses there is also the risk of inaccurate recording so that items are not there
or not in the right place.
Improving Inventory Record Accuracy initially discusses how to quantify the problem, set
sensible targets for improvement and how to make the case for doing something to improve accuracy. The book then discusses why inventory
records do go wrong and how to rectify the major causes of error. Finally the book illustrates the techniques with which everyone can
make their records very accurate.
This is a practical book that solves a practical problem and shows the ways to improve record accuracy.
Tony Wild has amassed many techniques over the years, has tried them out in practice and he presents them here in an accessible style
for professional managers in logistics and stock control, retail/wholesale distribution. The book is also intended for use by students
on Institute of Operations Management Certificate, DPIM, CPIM and DLM courses.
Audience
Professional managers in logistics and stock control, reail/wholesale distribution. Supplementary reading to courses on DPIM, CPIM and DLM course
Contents
The importance of record accuracy; Benefits from accurate records; Causes of inaccurate records; The right environment; Batch control;
Controlling stock movement; Inventory checking; Computer solutions; Record accuracy as a project; The management of record accuracy
| Bibliographic details |
Paperback, 144 pages, publication date: MAY-2004
ISBN-13: 978-0-7506-5900-0
ISBN-10: 0-7506-5900-9
Imprint: BUTTERWORTH HEINEMANN
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| Price and Ordering |
Price:
EUR 44.95
USD 77.95
GBP 29.99
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Books and book related electronic products are priced in US dollars (USD), euro (EUR), and Great Britain Pounds (GBP). USD prices apply to the Americas and Asia Pacific. EUR prices apply in Europe and the Middle East. GBP prices apply to the UK and all other countries.
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076/731
Last update: 5 Sep 2009
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