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Achieving Inventory Accuracy

Achieving Inventory Accuracy

A Daily Guide to Sustainable Excellence
By Donald H. Sheldon
Hardcover, 6x9, 224 pages
ISBN: 1-932159-31-2
July 2004
Co-published with APICS

Availability: In stock

Retail Price: $49.95
Direct Price: $44.95

About the Item
Statistical evidence suggests that more than 50% of businesses allow their inventory accuracy records to flounder below acceptable, cost-effective levels. Yet inventory accuracy is one of the most effective methods for minimizing unnecessary costs to an organization and one of the easiest process improvements to accomplish if the right approach is followed. This step-by-step guide to achieving inventory record accuracy in a manufacturing, retail, or distribution facility will help you dramatically reduce the variability and cost caused by inaccurate inventory balance data.

Starting at day one, leading expert Donald Sheldon outlines the elements of procedure and discipline necessary to achieve sustainable high levels of inventory record accuracy. The result is Class A 95%+ perfect inventory balances in 120 days with minimal cycle counting required for ongoing maintenance. A robust inventory accuracy control process is not expensive or technology dependent. Bar code technology and steel fencing will not make accuracy a reality, but focusing on consistency and discipline will. If you are a plant manager, inventory control manager, materials manager, warehouse manager or supervisor, this book is a must-read!
Key Features
  • Delineates inventory accuracy steps in a day-by-day, blow-by-blow format that you will find in no other book
  • Explores the relationship between consistent data accuracy and consistently high performance
  • Shows you how to better manage your assets, gain increased utilization of an ERP system, reduce inventory levels, lower the cost of accuracy maintenance, and eliminate wall-to-wall physical inventories forever
  • Includes special aids such as Gantt charts, cycle count process parameters, and process celebration points
  • WAV features free downloadable slides covering Class A excellence in inventory accuracy and steps to achieving world-class performance including Class A ERP, best-in-class lean, and customer-focused quality (Six Sigma) — available from the Web Added Value™ Download Resource Center at www.jrosspub.com/wav
  • About the Author(s)
    Donald H. Sheldon is president of DH Sheldon & Associates, an international consulting firm headquartered in New York. As a practitioner, this leading expert previously served as Director and General Manager of The Raymond Corporation’s Worldwide Aftermarket Services Division and as Vice President of Global Quality and Six Sigma Services for the NCR Corporation. Prior to forming his own firm, Mr. Sheldon was Vice President for BUKER, Inc, of Chicago, a world-recognized leader in management education and consulting. He has been published in numerous magazines and journals. He has been a frequent speaker at colleges, international conventions and seminars and he is certified by APICS as CFPIM (Certified Fellow in Production and Inventory Management) and as CIRM (Certified in Resource Management).
    Table of Contents

    Understanding Data Integrity 
    Building the Case for Data Accuracy as a Prerequisite to High Performance 
    Day 1-3: Preparing for Inventory Record Accuracy 
    Day 4: Discovering Transactions and Inventory Flow 
    Day 5-45: Control Groups and Root Cause Analysis 
    Days 8-45: Policies and Standard Operating Procedures, the Training Tools for Process Control 
    Day 9: Inventory Organization and Storage Patterns 
    Day 15 and Beyond: Training for Process Control 
    Day 45: Cycle Counting and Auditing Process Control 
    Day 90: Celebration Number One! 
    Measurement of Inventory Location Balance Record Accuracy 
    BOM (Bill of Material) and Routing Record Accuracy Introduction 
    Item Master Record Accuracy Introduction 
    Day 120: 95+ Percent Inventory Balance Accuracy - The Big Celebration 

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