Encouraging Inventory Accuracy
- Topics:
- Inventory Management
- Source:
- Effective Inventory Management
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Overview: This article is about most distributors who realize the importance of inventory accuracy – that is, having the available quantity of an item in your computer agrees, with what is actually on the shelf in your warehouse. Management realizes the bad things that happen when inventory accuracy doesn’t exist: waste of time, waste of money and disappointed customers. Most, if not all distributors realize that they must encourage inventory accuracy. Employees must personally feel the benefit of good inventory accuracy (i.e. a bonus), or the cost of missing material (i.e. a reduction in compensation). In either case, the distributor cannot maximize productivity and profitability unless inventory accuracy is achieved.
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Format: HTML | Date: Jan 1997 | Pages: 1
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