In Best Practices for Managing Inventories and Cycle Counts, you'll learn...
- How to use specific techniques that will actually improve speed and accuracy when counting inventory
- How to prepare for the count using time-saving tools, formulas and checklists—available only here!
- How to create a location system so precise, you’ll be able to pinpoint even the smallest units—instantly
- To never take another physical inventory—learn how cycle counts can work for you
- And much more!
A thoroughly up-to-date, one-day workshop that will help you run smooth and accurate inventories … improve record accuracy … and eliminate write-offs, shortages, rush orders and other profitability killers.
WORKSHOP AGENDA
Program hours: 9:00 am – 4:00 pm
Click on a session title to view details
Session 1: Take a close look at your existing system+
- How to reduce forecasting errors—it’s easier than you think
- Know your inventory system’s strengths—and weaknesses
- Go paperless! Learn about electronic systems you can trust
- Questions to ask yourself before implementing JIT
- Learn the characteristics all successful inventory record-keeping systems have in common
Session 2: Planning—the key to an error-free count+
- The pros and cons of blind counts
- The absolute best ways to speed up cycle counts
- When using multiple-count approaches makes sense
- Checklists that will save you time and headaches
- Clutter, lack of organization, trash—clean up your “house” before the count
- Designing a simple and consistent location system
- Getting around the problems involved with count tags
- The best time to cycle count—and why
- Dealing with multiple storage locations and the headaches they cause
- How often should you count? Now it’s easy to decide
- Selecting which items to count (Hint: Remember your goal)
Session 3: Set up and run your cycle count program+
- Will cycle counting solve your problems?
- ABC vs. Geographic: Which classification method is best?
- How the 80/20 rule applies to your inventory
- Never take another physical inventory—find out how
- Know your cycle-counting methods—and their drawbacks
- Pitfalls to avoid when ranking product
- The basic steps in a smooth, stress-free and accurate cycle count
Session 4: Conduct headache-free physical inventories+
- Dealing with the challenge of WIP inventory
- Overcome your biggest stressors when conducting a wall-to-wall inventory
- Get a firm grip on internal tracking with pallet tags
- Thinking about hiring an outside firm to count your inventory? Here’s advice you can use
- The unique accuracy issues surrounding in-transit quantities
- The only way to deal with substitutions
- Reporting: How to keep others—especially higher-ups—informed of your progress
Session 5: Manage people issues +
- How to not get caught off guard by the auditors
- Training employees on how to do counts the right way
- The most effective people to designate as cycle counters
- Down with employee theft! Ways to beef up security now
- Tips for getting employees involved and thinking like a team
- Lack of concentration—are your counters guilty?
- Minimizing the things that cause the most stress on count day
Session 6: Troubleshoot and overcome challenges+
- Resolving inaccuracies: Look at these 5 areas first
- Tighten record-keeping procedures—and get other departments to adhere to them
- How to know when a re-count is necessary
- Evaluating and reconciling variances
- Where did it go? Handling lost inventory
- Understanding errors—the neglected first step in reducing them
- Be aware of the potential negative effects of adjustments
- What should your accuracy be? A simple way to answer an important question
- CPE Credits: 6
- Field of Study: Production
- NASBA #: 107691