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Course: Cycle Counting and Record Accuracy

Duration: 1 day; registration at 8:00 AM, class begins at 8:30 AM; class ends at 4:00 PM.

Overview: Every planning and order promising system depends on an accurate status of what is onhand; incorrect inventory numbers create shortages, expediting, higher safety stock levels and a number of other suboptimal conditions. This class shows how to devise a systematic approach to keeping inventory accurate, uncover procedural and process problems, and make reliable inventory numbers a 'given'.

Who should attend: Materials managers, operations managers, logistics managers, warehouse managers, internal auditors

Agenda:

The cycle counting framework

• Cycle counting vs. physical inventory and on-demand counts

• Correcting onhand records vs. resolving process problems

• Defining accuracy measurements and setting goals

• Assembling the right cycle counting team and determining personnel requirements

Defining the process

• Identifying inventory transaction types, processes and timing

• Identifying the types of inventory- raw material, finished goods, consigned, at third parties, what's 'in-between'- WIP and in-transit

• Selecting the best cycle count technique: ABC code, transaction volumes, by location, control groups and others

• Conducting the count: blind counts, tags, auto-identification, weigh counts, counting partials, when to recount

• Reconciling inaccuracies: how did we get here?

Evaluating the process

• Identifying problem products and processes

• Evaluating stocking points, material flow and access systems

• Creating incentive, reward and ongoing processes

• Working with auditors and eliminating the annual physical inventory

Each area includes: Typical policy issues, glossary, case study or exercise.

Fee: $475 US for 1 day; $375 per person when 2 or more attend from same company. Includes materials and handouts, continental breakfast, lunch and coffee service but not dinner, lodging or transportation.

Registration options:                    registration form

• Call (770) 649-7852 to register and pay by credit card

• Print and mail the registration form with check (US funds only) or credit card information to:

Bridgefield Group Inc.
Attn: Registration
270 Lakeview Ridge East
Roswell, GA 30076

• Print and fax the registration form with credit card payment information to (770) 649-7853

For additional information or questions contact:

education@bridgefieldgroup.com