EFFECTIVE INVENTORY CYCLE COUNT OF WAREHOUSE MATERIALS

165,000.00

Content

 Inventory Accuracy
  • What It is and Why It Matters
  • How to Measure Accuracy
Cycle Counting
  • Introduction to Cycle Counting
  • Why Cycle Counting Works
  • Designing the Program
  • Selection Methods
Stock and Inventory Control
  • Improving Effectiveness
  • Estimating Resources
  • Timing and Interference
  • Cycle Counting Implementation
Process Improvement
  • Prevention versus Correction
  • Root Causes of Inventory Errors
  • Process Improvement Example
Reducing Transaction Volume
  • Drivers of High Volume
  • Techniques for Reduction
  • Transaction Reduction Example
Physical Inventories
  • The Annual Inventory
  • Conducting a Successful Audit
  • Cards, Count Sheets and Barcodes
  • Staffing for the Inventory
Inventory Accuracy Strategies
  • Combining PI and Cycle Counting
  • Error Prevention
  • Planning and Organizing the Implementation

FOR WHOM: Stores Managers, Decision Makers, Purchasing Managers, Production Managers, Operations Managers, Supervisors, Inventory Planning Managers, Procurement Managers, CFO, Directors, Accountants, Auditors, Finance Managers, Management Accountants, Financial Analysts, Staff and others who are involved in inventory planning and stock control.

 

DATE:            8th – 10th May, 2024

                       6th – 8th November, 2024

 

Objective

Accurate inventory records are attainable. This workshop not only explains how, it guides participants through the design of an inventory accuracy program for your organization. In this workshop, you will

  • Reduce the cost and frustration of physical inventories
  • Setup and operate cycle counting to eventually replace physical inventories
  • Find and eliminate the Root Causes of record errors
  • Reduce transaction volume to cut cost and reduce new errors

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