Maximizing Cycle Counting Results

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Cycle counting is an audit technique where inventory is counted on a cyclic schedule and a process of not just fixing the inventory error but understanding and eliminating the root cause for the inventory inaccuracy. It is also a method of measurement so that you have a benchmark for continuous improvement. If not done correctly, this process can be a waste of resources. This article will explore several different types of cycle count methods that can be used. Control Group Method Companies that are new to cycle counting tend to start with this method. It is a fast way to…
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Can You Afford To Do Physical Inventories?

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In the last 2 newsletter articles, I focused on ABC analysis and also how to maximize your Cycle Count results. Today I would like to discuss with you the positive aspects of eliminating the need for physical inventories. Our group’s newsletter theme for this quarter is Crisis Brings Real Change. Having worked in manufacturing for the last 28 years- I can tell you that doing a physical inventory at most companies puts the company into a crisis mode. Some of these companies have now adopted a cycle count program and are enjoying the benefits of not being in a crisis…
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