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inventory

Cycle Counting by ABC

Inventory accuracy is fundamental to manufacturing and distribution. A 3-tiered cycle counting system can simplify inventory management while improving accuracy.

Strategies to Reduce Operational Cost without Capital Investment

Focus on operational cost reduction strategies to continue growing efficiently while also giving yourself pricing wiggle room.

Cycle Counting Remains Core to Success

Inventory management relies on fundamentals like cycle counting to catch discrepancies. But it has to be coupled with a focus on process disciplines or you’ll end up reliving the same problems every day. I've started working with one of my clients on a cycle count program, and so I'm [...]

Tips for Physical Inventory Success

Completing a physical inventory is a necessary part of inventory management because accuracy doesn’t just happen, it needs to be achieved. Inventory accuracy is cornerstone to success. It is a bedrock topic to improving service levels, reducing lead times, increasing margins, improving efficiencies, reducing inventory levels….and the list goes [...]

Production Scheduling

The fun of production scheduling is also the most important aspect, managing competing priorities and variables to find the best overall solution. Production scheduling has been a part of my expertise since my post-college days at Coca-Cola Enterprises. It has been a part of every job I've held (whether directly or indirectly) and a part of almost every project I've consulted on since. Thus, I have a passion for this topic.

Increasing Cash Flow through Supply Chain Improvements

Published in "The ACA Group" website, March, 2011 As we are emerging from the recession, we are by no means returning to the high growth days of the past. Instead, the new normal is here to stay - slow growth for those who stay ahead of the curve, tight [...]

Tips for surviving a physical inventory

Prepare, prepare, and prepare: 80% of your success is in preparation. Organize the warehouse, clearly mark areas, label exceptions, complete and review system transactions, etc. Stop / isolate movement: When you begin your physical count, stop all physical and system movements and transactions. This is a critical foundation - [...]

Achieving Inventory Velocity “and” Customer Delight

Do these hypothetical situations sound familiar? Acme Company has a large, priority customer called Wylie Company. Acme must service Wylie flawlessly to maintain the contract, so to ensure stock is always available when Wylie needs it, Acme agrees to a guaranteed safety stock level for Wylie. And, Acme ends [...]

Cycle Counting

The key to effective cycle counting is to not get bogged down in resolving every dollar, but rather focus on the significant discrepancies. The main goal of cycle counting is to cycle through your inventory to ensure inventory accuracy on a consistent basis. (In contrast, a physical inventory is [...]

Is Your Inventory System Working?

In my experience in working with clients across multiple industries, geographies and sizes, I have no doubt that effective inventory management is far from a no-brainer, yet implementing a few secrets to success can yield dramatic bottom line results.
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