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Inventory Accuracy Improvement
$65 Million Industrial Distributor
Improvement Opportunity
- Company was experiencing unacceptable inventory accuracy levels (> 75%).
- Cycle counting was labor intensive and ineffective in identifying error causes.
- Customer service levels were being impacted due to inaccuracies in inventory.
Approach
Results
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Many sources of small, but additive errors were identified and eliminated.
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Inventory accuracy was increased to an acceptable level (<98%).
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Cycle counting accuracy was improved requiring less time & labor and provided value in error elimination.
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