How to Cycle Count
Cycle counting can be an important tool in achieving inventory accuracy.
Developing the best cycle count strategy for your operation requires a
thorough understanding of the characteristics of your operation as well as
an understanding of various cycle counting strategies and the inner
workings of cycle count programs.
Inventory Accuracy: People, Processes, and
Technology not only covers
the "standard cycle count program" but also introduces alternative methods
that may prove to be far more effective in a given environment.
In addition, the book details
how the actual computer programs used to perform cycle counts work (or
should work) and provides tips on improving the cycle count process. It
also covers in detail how to conduct a cycle count, with special
considerations given to maintaining productivity and accuracy while cycle
counting.
Cycle Counting Topics Covered:
- The objectives of a cycle count program.
- Determining a cycle count strategy.
- Pros and cons of using ABC stratifications for determining cycle count
frequency.
- Other methods for setting cycle count frequency.
- Combining methods to develop a custom cycle counting strategy.
- Understanding how quantities are handled in a cycle count program.
- The importance of transactional control.
- The reasons for counting a control group.
- The pros and cons of conducting Blind Counts.
- Process for conducting recounts.
- Process for reconciling variances.
- Understanding the effects of adjustments.
- How to handle "lost inventory" in a cycle count program.
- How to cycle count without special programming.
- How to cycle count in a 24/7 operation.
- Why you may need to supplement your cycle count process with other
verification methods.
- How to incorporate task interleaving into a cycle count strategy.
- Various means of measuring accuracy based on the output of your
cycle count process.
And More:
Inventory Accuracy: People, Processes, and
Technology doesn't stop
with the cycle counting process. Though important, cycle counting is only
one piece of the accuracy puzzle. Understanding the characteristics of the
work environment and the sources of error, developing processes that make
accuracy easy, and creating an environment that is conducive to accuracy,
are all covered in the book. In addition, detailed descriptions of
technologies used and tips on specific processes round out this
comprehensive treatment of inventory accuracy in distribution,
fulfillment, and manufacturing operations.
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