What does having an inaccurate inventory cost your company? What does an inaccurate inventory affect?
Profit margins, Inventory turns, Reorder and Filling rates, Service levels , and Customer Satisfaction and many more.
But most importantly it affects overall organizational productivity and not only limit to your warehouse operations.
Your warehouse people spend hours a day searching for inventory that has been misplaced, received incorrectly, wrongly put away.
Your customer service department is constantly and frequently going to the warehouse to check and see whether it is actually in the storage bin.
Your purchasing department is constantly searching for products to fill back orders for items that were just received but now cannot be found.
Your production planning is urgently to arrange overtime to fulfill the backlogs.
It is very common to hear this "The computer said we have it, but when we looked in the bin it wasn't there."
Do you have strong desire to improve your inventory accuracy?
No comments:
Post a Comment