Inventory Record Accuracy: Unleashing the Power of Cycle Counting (Hardcover)

by Roger B. Brooks (Author), Larry W. Wilson (Author) "Where did it go? You open your wallet and discover that the $100 you withdrew from the bank just two days earlier is now a..." (more)
Key Phrases: establishing initial balances, process control cycle counting, issuing logic, Continuous Improvement, Pareto Principle, Optional Sort Sequence (more...)

Editorial Reviews

Product Description
This trailblazing guide explains the use of Cycle Counting to demonstrate how to achieve inventory accuracy levels of 950r more. As a result, companies can productively manage every aspect of their operation while reducing the overall levels of inventory on hand. Packed with sage advice, examples, sample reports and clear descriptions on improving an inventory system.

From the Inside Flap

Updated to cover the latest tools and techniques in Cycle Counting, Inventory Record Accuracy, Second Edition covers all the developments in the discipline since this book was first published in 1995. This classic text has helped thousands of companies dramatically improve their inventory accuracy and it will help your business do the same.

Written by leading consultants and Principals of Oliver Wight Americas, Inventory Record Accuracy, Second Edition covers everything you need to know to manage inventory in an economy that demands lean and flexible production processes. For accuracy, efficiency, and higher profits, this is the go-to guide for your inventory management needs.

This new edition brings you up to date on inventory control with thorough coverage of new topics such as RFID, supplier/vendor-managed inventory, inventory record accuracy in lean or agile environments, error sleuthing in Cycle Counting, and much more. Plus, the book covers all the basics from the first edition, including how to:

• Evaluate your current inventory system to identify areas for improvement

• Design and manage the implementation of Cycle Counting

• ffectively improve inventory management at single or multiple facilities

• Eliminate time-consuming physical inventories

• Empower work groups to facilitate the use of Cycle Counting

• Coordinate the use of Cycle Counting with Lean or MRP II

• Apply Cycle Counting concepts in a process industry setting

• Develop important operating procedures to ensure optimal inventory accuracy over the long term

Totally up to date and more thorough than ever, Inventory Record Accuracy, Second Edition shows you how to unleash the power of Cycle Counting and experience the benefits of dramatically improved inventory record accuracy. --This text refers to the Hardcover edition.

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Product Details

• Hardcover: 192 pages
• Publisher: Wiley; 1 edition (May 4, 1995)
• Language: English
• ISBN-10: 0471132241
• ISBN-13: 978-0471132240
• Product Dimensions: 9 x 6.3 x 0.8 inches
• Shipping Weight: 14.4 ounces
• Average Customer Review: 3.0 out of 5 stars See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #751,729 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

3.0 out of 5 stars Great subject but short on content., May 3, 2004

By A Customer

I purchased this book due to recent research by Nicole DeHoratius on the subject. Early on, the author gives a good review of the math behind Inventory Record Accuracy. However, the book is hurt by frequent reference to too-simplistic management strategies that are not effective in running a large, modern day distribution center.
If you are really serious about the subject, California Management Review has published some recent case studies that are very practical for today's distribution climate.

16 of 23 people found the following review helpful:

4.0 out of 5 stars good book, direct to the point, intersting, a bit basic, March 29, 1998

By A Customer

This book sure is very easy to understand and very direct to the point. Although, a little more details particularly in the procedures for transactions would be helpful

4.0 out of 5 stars Reference Book of Choice for me, June 8, 2007

By	MDVGA (GA USA) - See all my reviews

I have followed the basic concepts of this book for over 15 years with great success. For DC Managers who are trying to start a Cycle Count process, this book is all you need.

I have followed the principles in this book and have been able to successfully eliminate annual physical inventories at two different companies.

I do not however use Brooks' and Wilson's "Tolerance" approach and always seek to hit 100% accuracy for every SKU.

One must keep in mind that the purpose of cycle counting is not to correct individual inventory records, but to identify records requiring root cause analysis so corrective actions can be taken to eliminate the source of the error. This in turn not only corrects the immediate issue, but also similar issues that have perhaps not yet been discovered.

If you use the Process Control method of Cycle Counting discussed in this book, and track dollar, SKU, and units in terms of gross variances (irrespective of + or -), you will accumulate results that should free you from ever having to take another Physical Inventory.
As a DC Manager, that is priceless. mdv