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C
I M www.CenterForInventoryManagement.org
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The road to success is always under
construction. Cycle Fundamentals System
| Cycle Counting
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| Improved customer service | |
| Increased productivity. | |
| Lower investment in safety stocks. | |
| Fewer stock-outs. | |
| Better cost control. | |
| Timely correction of conditions causing errors. | |
| Complete or partial elimination of the loss of productive time. No need to shut down
operations for physical inventory. | |
| Development of specialists who become efficient in obtaining good counts, reconciling
differences and finding solutions to system errors. | |
| Fewer mistakes in item identification. | |
| Concentration of efforts in problem areas. | |
| High inventory accuracy through constant surveillance. | |
| No requirement for staging of items to determine availability or shortages. | |
| Valid data for inventory replenishment action. | |
| Less obsolete and excess inventory. | |
| Reduced year-end inventory write-offs. | |
| Correct statement of assets throughout the year. |
AGENDA
First Day
9:00 - 9:30 a.m. Introduction -- Objectives
9:30 - 10:30 a.m. Inventory Record Accuracy -- Need for Accurate Records.
10:30 - 10:45 a.m. Refreshment break
10:45 - 12:00 noon Distribution by value analysis -- Application to cycle counting
12:00 - 1:00 p.m. Lunch and group interaction.
1:00 - 2:30 p.m. Methods of cycle counting -- Acceptable levels of accuracy
2:30 - 2:45 p.m. Refreshment break
2:45 - 3:15 p.m.
Initial phase of cycle counting:
Identification of problems.
Selecting items to be cycle counted.
3:15 - 4:30 p.m. Organizing for cycle counting
Techniques of
counting.
Procedure
for cycle counting.
Second Day
9:00 - 10:30 a.m. Cycle count reconciliation:
Cycle counting work in process.
Cycle
counting applied to other records.
10:30 - 10:45 a.m. Refreshment break
10:45 - 12:00 noon Computer applications:
Cycle counting without counting.
Improve
the process; Don't inspect quality in.
Elimination of annual inventory.
Benefits of
cycle counting
12:00 - 1:00 p.m. Lunch and group interaction.
1:00 - 2:30 p.m. Work on your company's plan for cycle counting
2:30 - 2:45 p.m. Refreshment break
2:45 - 4:30 p.m.
Presentation of implementation plans for cycle
counting.
Questions and answers
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