Tips for Physical Inventory Success
Completing a physical inventory is a necessary part of inventory management because accuracy doesn’t just happen, it needs to be achieved.
Completing a physical inventory is a necessary part of inventory management because accuracy doesn’t just happen, it needs to be achieved.
A master schedule is an integral part of your production plan and communications to your team to centralize focus.
Have you heard of the PDCA model (Plan, Do, Check, Act)?
A reenergized demand plan is fortified with meaningful data trends that point the way to improved service levels and increased profit margins.
The fun of production scheduling is also the most important aspect, managing competing priorities and variables to find the best overall solution. Production scheduling has been a part of my expertise since my post-college days at Coca-Cola Enterprises. It has been a part of every job I've held (whether directly or indirectly) and a part of almost every project I've consulted on since. Thus, I have a passion for this topic.
When connecting people and process, think about using customer collaborative programs to link strategy with execution.
Cash is king in today's business environment. Supply chain offers vast opportunity in accelerating cash flow. Put the two together, and you can be one of the few companies to leapfrog the competition in the new normal.
Businesses continue to cut back as the economy continues to worsen - seemingly every day. Cutting costs in a reasonable and smart manner is required; however, cost cutting alone rarely achieves success.
Businesses should always look for ways to increase cash flow.
Achieve accurate physical inventory counts through thorough preparation, halting movements, clear communication, and progress tracking.