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Center for Inventory Management

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Cycle
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Seminar

Cycle
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via E-mail
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Distance Learning via Internet E-mail

Cycle Counting for Record Accuracy

The Cycle Counting for Record Accuracy Seminar is now available via e-mail.

More than 2,000 individuals have attended our Inventory Management seminars.

Content

The costs of poor inventory record accuracy are not always apparent to management.

Consider the following results caused by inaccurate inventory records:

Unanticipated stock-outs

Decreased production efficiency

Higher investment in safety stocks

Requirement for staging of items to determine availability or shortages

Invalid data for inventory replenishment system

More obsolete and excess inventory

Some of these costs can be quantified. Others are intangible, but nevertheless do exist and can be substantial.

It is important to have inventory records, which are accurate. Most experts agree that this accuracy must be at least 95% and even higher for critical or high unit value items.

The key to accurate records is the implementation of a sound cycle counting system.

If you have any questions on this course via e-mail, please call us at 770-414-9302 or fax 770-414-9308.

The Sixteen Steps

This two day seminar presents the sixteen steps to inventory record accuracy from education and training to elimination of the annual physical inventory. The course of instruction follows the doctrine contained in the revised edition of the APICS Training Aid on Cycle Counting for Record Accuracy. The seminar is conducted by the author of the APICS Training Aid. Participants will return to their companies with the knowledge required to install and manage an effective cycle counting program. In this comprehensive seminar you will learn how your company can achieve these benefits from an effective cycle counting system:

  1. Improved customer service.
  2. Increased productivity.
  3. Lower investment in safety stocks.
  4. Fewer stock-outs.
  5. Better cost control.
  6. Timely correction of conditions causing errors.
  7. Complete or partial elimination of the loss of productive time. No need to shut down operations for physical inventory.
  8. Development of specialists who become efficient in obtaining good counts, reconciling differences and finding solutions to system errors.
  9. Fewer mistakes in item identification.
  10. Concentration of efforts in problem areas.
  11. High inventory accuracy through constant surveillance.
  12. No requirement for staging of items to determine availability or shortages.
  13. Valid data for inventory replenishment action.
  14. Less obsolete and excess inventory.
  15. Reduced year-end inventory write-off.
  16. Correct statement of assets throughout the year.

This course consists of the complete text which has been subdivided into 7 lessons.

Lesson 1:        I        Why must records be accurate?
                      II       Assuring record accuracy
                      III     Why cycle count?

Lesson 2:        Distribution by Value (ABC) analysis

Lesson 3:        IV      Cycle counting methods

Lesson 4:        V        Organizing for cycle counting
                      VI       Techniques of counting
                      VII      Procedure for cycle counting  

 Lesson 5:       VIII    Cycle count reconciliation
                      IX       Cycle counting work in process
                      X        Cycle counting applied to other records

Lesson 6:        XI       Computer applications
                      XII      Cycle counting without counting
                      XIII     Improve the process
                      XIV     Summary

Lesson 7:        Develop your company's plan for cycle counting

PROCEDURE
Upon receipt of your e-mail requesting enrollment we will send you the complete Cycle Counting text in Word,
the 52 PowerPoint visuals; the material on Distribution by Value Analysis (Pareto's Law) and your first Lesson.

QUESTION AND ANSWERS
The Center will respond to any questions you may have about cycle counting and the course.

COURSE COSTS
The cost of this long distance course via e-mail is US$495.00. We will invoice you upon receipt of your registration request. 

 

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  Copyright © 2001 Center for Inventory Management
  Last modified: April 07, 2007