Managing Inventories and Cycle Counts
Conducting an error-free physical inventory is no easy task.
Anyone who thinks
taking inventory is an easy job is just plain wrong.
Probably the only people who know how tough it is to do an accurate,
efficient inventory are people like you who have to make sure everything
runs smoothly and error-free. You know that if you’ve got inaccuracies, your
department won’t be able to deliver goods to customers and that means back
orders, stockpiled obsolete items, higher costs and more headaches.
It’s a tough job
and a heavy-duty responsibility.
You’re the one who ends up having to deal with lost or incorrect paperwork.
And it’s you that has to make the tough decisions about records
reconciliation. Not to mention having to be ready to explain any problems to
the accounting department, the auditors and everyone else in your company
that wants materials ASAP.
Plus there’s the staffing with all its training headaches
… the orders being received and shipped out while you’re trying to get the
counts done … theft prevention … the extra hours and overtime … the list
keeps on going.
this seminar to help you meet these tough inventory challenges.
This day of training is packed with methods to streamline your processes and
keep your warehouse running smoothly. We’ve even designed customized
exercises so you can apply the principles you’re learning to fit your needs.
In one day,
you’ll get a better strategy for planning, organizing and managing your
inventory and cycle counts.
You’re going to head back to the warehouse with confidence
and a system that will work for you. Here’s a sample of your learning day …
Find out if cycle counts can bring up your accuracy and
if they’re worth it
Discover shortcuts that will make your counts go faster
without leading to a higher rate of error
What’s the latest in technology? Will it work for you?
Use smart forecasting techniques, record tolerances and
reconciliation methods that will keep inventory controls efficient
Manage your staff more effectively through the
What You’ll Learn
Your Inventory Record System
•Assess your inventory management system to
find the holes
•The basic elements of a rock-solid inventory recordkeeping system
•Avoid “paper” and use reliable electronic systems
•The most important information that should be on every inventory tag
•Easy formulas to help you decide how often to schedule counts
•JIT: Will this system work for you?
•Improve your forecasting and get what you want when you want it
Preparing for the Count
•Getting your area in shape for the big
count: tips for keeping a clean facility
•Decide on how much staff you’ll really need
•Must-have checklists to keep on hand before you start the count
•When a multiple count approach is best
•Expert tips for preventing theft
•Training staff (even those that have been there for years)
•Create locator maps that keep on working all year long
•Test counts and blind counts … Are they a good use of staff time?
•Inventory models and applying them to your situation
Cycle Counts: Are They Right for You?
•ABC Analysis or the Geographic method:
Classification methods that tell you what to count and how often
•How cycle counts can boost your inventory efficiency
•What should be counted in a cycle count?
•4 ways to decide whether your cycle counts should replace the annual
•Ranking your inventory and the 80/20 rule
•Surefire strategies to make cycle counts go quick and easy
Conduct Your Physical Inventory Efficiently and Error-Free
•Which products need to be counted most often
•How to track in-transit items or shipments that arrive during the count
•Motivate staff and keep the stress level on low
•When should you be counting WIP inventory and when to leave it alone
•The 4-Corner method and other counting strategies
•Pallet tagging for bulk merchandising
•5 important questions to ask when you are considering hiring an outside
•Keeping staff organized and on-task during the event
Getting It Right: Managing the Problems
•Best ways to handle small (but numerous)
•Keeping your teams working together
•The most common causes of errors and how to handle them
•Dealing with “The Lost Product” and making records adjustments
•How much error is acceptable and find out how to track variances
•Improving recordkeeping methods and getting cooperation from other
•When do you know it’s time for a recount and who should do it
•What the auditors are looking for
•The final inventory report: Send accounting a report that’s easy to
Our training seminars offer Continuing
Education Credits (based on contact hours) upon completion. Credits are
issued by The Continuing Education Center, Inc. according to the guidelines
set forth by IACET. Please note that Continuing Education Credit approval is
at the discretion of your licensing board; not all seminar topics are
approved by all boards. Contact your licensing board or agency for specific
information relating to your profession
SEMINAR TRAINING TIME:
Seminar Check-In 8:30 AM Seminar Class 9:00
AM - 4:00 PM