ACCURATE INVENTORY RECORDS are essential for effectively managing service parts, raw materials and finished goods inventories. Without accurate inventory records buyers cannot purchase the correct materials in a timely manner, manufacturing and maintenance are thrown into chaos, and customers cannot depend on reliable deliveries.

Poor Record Accuracy is a Direct Cause of Operational Problems such as:
• Frequent material shortages, backorders, and delays
• Excessive expediting activity
• Lost sales due to poor customer delivery performance
• Year-end write-offs and excess and obsolete inventory
• Maintenance, repair, and overhaul headaches

The benefits of Higher Inventory Record Accuracy:
• Better customer service and fill rates
• Reduced costs for expediting and tracking down lost parts
• Lower year-end write-offs of excess and obsolete inventory
• Elimination of cost and disruption associated with the annual physical inventory

Target Audience:

This workshop is designed for those individuals involved in any aspect of inventory control including purchasing, warehousing, planning, logistics, plant stores and maintenance, information technology, manufacturing, accounting and finance. It will be a worthwhile follow up for those who have attended or plan to attend the Trainmar “Inventory Planning, Replenishment and Control Workshop presented by Dennis Lord on Wed. 29th and Thurs. 30th April 2009.

Workshop Content:

INVENTORY MANAGEMENT OVERVIEW:

INVENTORY ACCURACY: YOU MUST HAVE IT!

THE 10 BEST PRACTICES FOR ACHIEVING 98% INVENTORY RECORD ACCURACY:

BUILDING AWARENESS THROUGH EDUCATION:

ACCOUNTABILITY AND RESPONSIBILITY:

STORAGE METHODS AND LOCATOR SYSTEM:

A CLEARLY DEFINED DOCUMENT AND MATERIAL FLOW:

TRANSACTION PROCESSING SYSTEM:

DEVELOP POLICIES, PROCEDURES and AN EFFECTIVE TRAINING

PROGRAMME:

STARTING A CYCLE COUNTING PROGRAM AT YOUR COMPANY:

IDENTIFYING THE ROOT CAUSES OF ERRORS:

RECONCILING THE CYCLE COUNT:

PERFORMANCE MEASUREMENT AND REPORTING:

PITFALLS, TIPS, TRICKS AND TRAPS:

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