The world-class standard for inventory record accuracy today stands at 99.5 percent--as a minimum. While only a relatively few organizations even can claim they are performing at or above this standard, the harsh reality is that most companies still are struggling with inaccurate inventory records.
From a financial perspective alone, it is imperative that inventory records be accurate and timely just to meet the mandates of Sarbanes-Oxley. The goal, however, not only is to improve inventory record accuracy, but also to sustain it and to continuously improve upon it. To start the improvement process, this white paper will describe a six-step program that will enable the reader to achieve greater inventory record accuracy.
Inventory as a Consequence - Improving supply planning
Supply Chain Management - A Year in the Life
The Lean Enterprise
Framing the Problem Statement - Investments in the Extended Supply Chain Should Not Be Made Blindly
Gearing up for growth - Speed, agility and cost-efficiency; the future of the automotive supply chain
Kanban and Enterprise Resource Planning - The True Understanding of Lean
30 Mar - 01 Apr
French Supply Chain Management Workshop
23 - 25Nov 2022