Just a refresher on a tip I’ve shared previously from supply Chain Technology Bulletin regarding how to attain greater inventory accuracy. I thought it would be worthwhile to share again:
- Record data regarding your inventory as soon as the items arrive at your door / receiving dock. With information, you can make decisions. Without it, you waste money, time, and effort.
- Leverage data collection, label generation, and RFID solutions to make your life easier.
- Set inventory accuracy goals for the business and for employees.
- Train your employees so they know what is expected of them, and how to best perform their job and therefore how best to maintain accurate inventory counts.
- Count the inventory – and do it regularly. Find a method that works best for your employees, and for your business.