Principles of Inventory Accuracy

Inventory accuracy is the foundation of inventory management. The Inventory Accuracy seminar helps beginning and experienced operations managers more effectively manage and control inventory. Through a sample scenario, this seminar will provide attendees the opportunity to diagnose inventory problems and discover solutions as a class. Practical hands-on exercises in the seminar include total inventory carrying cost, ABC inventory control and cycle counting.

• Develop and execute the inventory planning process.
• Define the role of inventory management within your organization.
• Balance the conflicting objectives of decreasing operating costs and increasing Customer Relations.
• Apply the inventory accuracy toolkit and measure impact across the organization.
• Weigh the advantages and disadvantages of periodic and perpetual inventory and the cycle counting process.