Join Amazon Prime and ship Two-Day for free and Overnight for $3.99. Already a member? Sign in.
Better Together
Customers Who Bought This Item Also Bought
Inventory Accuracy: People, Processes, & Technology by David J. Piasecki  (9)
$49.95
|
The Bar Code Book: Fifth Edition - A Comprehensive Guide To Reading, Printing, Specifying, Evaluating, And Using Bar Code and Other Machine-Readable Symbols by Roger C. Palmer  (1)
$39.95
|
Warehouse Distribution and Operations Handbook (McGraw-Hill Handbooks) by David E. Mulcahy (3)
$71.44
|
The Time, Space & Cost Guide to Better Warehouse Design, Second Edition by Maida Napolitano  (6)
$59.95
|
Editorial Reviews
Book Description
This is a practical guide that will expedite implementation of bar-code-related systems and equipment; a workbook that takes a simple, straightforward approach. The book is geared towards the implementation team, including executives who must understand what is involved and how to manage the project, operations people who are going to "live" with the system and information systems people who will make it work and keep it running.
Excerpted from The Bar Code Implementation Guide: Using Bar Codes in Distribution by Richard D. Bushnell, Stephen Pearce. Copyright © 1997. Reprinted by permission. All rights reserved
Section 4.7.1 Inventory reduction In most systems, a significant amount of money is tied up in "fear stock." There are two types of fear stock: (1) that held due to the uncertainly of demand and (2) that carried to "cover-up" discrepancies between what the computer says is in stock and what actually is. Bar code can eliminate the latter of these two. When bar code is used, inventory accuracy of 99.99% is attainable. This second type of "fear stock" can often be eliminated completely. In many situations, it's as much as 10% of the total inventory value. This means a company with a $1-million inventory would reduce it by $100,000. At a 30% carrying cost, $30,000 would "free up." For a company with a 5% pretax profit, that's like finding the profit from a $600,000 customer.
This is a practical guide that will expedite implementation of bar-code-related systems and equipment; a workbook that takes a simple, straightforward approach. The book is geared towards the implementation team, including executives who must understand what is involved and how to manage the project, operations people who are going to "live" with the system and information systems people who will make it work and keep it running.
Excerpted from The Bar Code Implementation Guide: Using Bar Codes in Distribution by Richard D. Bushnell, Stephen Pearce. Copyright © 1997. Reprinted by permission. All rights reserved
Section 4.7.1 Inventory reduction In most systems, a significant amount of money is tied up in "fear stock." There are two types of fear stock: (1) that held due to the uncertainly of demand and (2) that carried to "cover-up" discrepancies between what the computer says is in stock and what actually is. Bar code can eliminate the latter of these two. When bar code is used, inventory accuracy of 99.99% is attainable. This second type of "fear stock" can often be eliminated completely. In many situations, it's as much as 10% of the total inventory value. This means a company with a $1-million inventory would reduce it by $100,000. At a 30% carrying cost, $30,000 would "free up." For a company with a 5% pretax profit, that's like finding the profit from a $600,000 customer.
Product Details
Would you like to update product info or give feedback on images?
|
See all customer reviews...