Companies should not tolerate inaccurate inventory records. Errors are expensive. Sales are missed and too much cash is tied up in inventory.
This nuts-and-bolts course shows how to implement an inventory accuracy program in 90 days or less. Participants learn how to routinely audit and maintain accuracy at a 95+ percent level through cycle counting. The course also provides insights on roles and accountabilities in doing so.
Companies that successfully implement Oliver Wight’s approach report many benefits: They are able to eliminate annual physical inventory. The inventory records are trusted when planning and scheduling production. The finance organization trusts the records when accounting for inventory investment and its cash value.