Product Description

Praise for INVENTORY RECORD ACCURACY

"This updated version of Inventory Record Accuracy preserves its humorous and easy-to-read style. Supply chain practitioners, in traditional or lean manufacturing, will find it a helpful guide. Cleverly outlined, the rigorous yet simple process for both on-hand and on-order inventory provides accuracy levels required for real-time data systems."
-Maria Teodorovic, Quality Systems Manager Weyerhaeuser Corporation

"Inventory Record Accuracy is truly a practitioner's guide. The book's collection of anecdotes provides real-life insight into the potential challenges of achieving IRA, and the combination of an easy-to-read text and simple drawings makes this book an easy road map to follow on the proven path to higher inventory record accuracy."
-John Dietz, Director, Manufacturing Resource Planning Lockheed Martin Space Systems

"Brooks and Wilson are the experts on inventory record accuracy. Inventory Record Accuracy goes right to the core of the issues without a lot of soft-soaping. Every materials manager, stockroom manager, and cycle counting supervisor should have a copy within arm's reach."
-Adrian R. Barrett, 6 Sigma Master Black Belt Caterpillar, Inc.

"Excellent coverage of a fundamentally important topic. By far, the best book on the subject I've ever read. The three-phase approach to inventory record accuracy should be required reading for all manufacturing managers."
-Edward W. Davis, Professor of Business AdministrationThe Darden School, University of Virginia

Product Details

• Amazon Sales Rank: #839920 in Books
• Published on: 2007-07-27
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 208 pages

From the Inside Flap

Updated to cover the latest tools and techniques in Cycle Counting, Inventory Record Accuracy, Second Edition covers all the developments in the discipline since this book was first published in 1995. This classic text has helped thousands of companies dramatically improve their inventory accuracy and it will help your business do the same.

Written by leading consultants and Principals of Oliver Wight Americas, Inventory Record Accuracy, Second Edition covers everything you need to know to manage inventory in an economy that demands lean and flexible production processes. For accuracy, efficiency, and higher profits, this is the go-to guide for your inventory management needs.

This new edition brings you up to date on inventory control with thorough coverage of new topics such as RFID, supplier/vendor-managed inventory, inventory record accuracy in lean or agile environments, error sleuthing in Cycle Counting, and much more. Plus, the book covers all the basics from the first edition, including how to:

• Evaluate your current inventory system to identify areas for improvement

• Design and manage the implementation of Cycle Counting

• ffectively improve inventory management at single or multiple facilities

• Eliminate time-consuming physical inventories

• Empower work groups to facilitate the use of Cycle Counting

• Coordinate the use of Cycle Counting with Lean or MRP II

• Apply Cycle Counting concepts in a process industry setting

• Develop important operating procedures to ensure optimal inventory accuracy over the long term

Totally up to date and more thorough than ever, Inventory Record Accuracy, Second Edition shows you how to unleash the power of Cycle Counting and experience the benefits of dramatically improved inventory record accuracy.

From the Back Cover
Praise for INVENTORY RECORD ACCURACY

"This updated version of Inventory Record Accuracy preserves its humorous and easy-to-read style. Supply chain practitioners, in traditional or lean manufacturing, will find it a helpful guide. Cleverly outlined, the rigorous yet simple process for both on-hand and on-order inventory provides accuracy levels required for real-time data systems."
—Maria Teodorovic, Quality Systems Manager Weyerhaeuser Corporation

"Inventory Record Accuracy is truly a practitioner's guide. The book's collection of anecdotes provides real-life insight into the potential challenges of achieving IRA, and the combination of an easy-to-read text and simple drawings makes this book an easy road map to follow on the proven path to higher inventory record accuracy."
—John Dietz, Director, Manufacturing Resource Planning Lockheed Martin Space Systems

"Brooks and Wilson are the experts on inventory record accuracy. Inventory Record Accuracy goes right to the core of the issues without a lot of soft-soaping. Every materials manager, stockroom manager, and cycle counting supervisor should have a copy within arm's reach."
—Adrian R. Barrett, 6 Sigma Master Black Belt Caterpillar, Inc.

"Excellent coverage of a fundamentally important topic. By far, the best book on the subject I've ever read. The three-phase approach to inventory record accuracy should be required reading for all manufacturing managers."
—Edward W. Davis, Professor of Business AdministrationThe Darden School, University of Virginia

About the Author

ROGER B. BROOKS is a Principal of Oliver Wight Americas who consults with companies on planning and control, strategic planning, and continuous improvement. He is a popular speaker at seminars and symposia.

LARRY W. WILSON is a Principal of Oliver Wight Americas who consults to businesses on customer service, inventory reduction, and efficient inventory management. He also is a popular speaker at seminars and symposia.

Customer Reviews

Great subject but short on content.
I purchased this book due to recent research by Nicole DeHoratius on the subject. Early on, the author gives a good review of the math behind Inventory Record Accuracy. However, the book is hurt by frequent reference to too-simplistic management strategies that are not effective in running a large, modern day distribution center.
If you are really serious about the subject, California Management Review has published some recent case studies that are very practical for today's distribution climate.

good book, direct to the point, intersting, a bit basic
This book sure is very easy to understand and very direct to the point. Although, a little more details particularly in the procedures for transactions would be helpful

Reference Book of Choice for me
I have followed the basic concepts of this book for over 15 years with great success. For DC Managers who are trying to start a Cycle Count process, this book is all you need.

I have followed the principles in this book and have been able to successfully eliminate annual physical inventories at two different companies.

I do not however use Brooks' and Wilson's "Tolerance" approach and always seek to hit 100% accuracy for every SKU.

One must keep in mind that the purpose of cycle counting is not to correct individual inventory records, but to identify records requiring root cause analysis so corrective actions can be taken to eliminate the source of the error. This in turn not only corrects the immediate issue, but also similar issues that have perhaps not yet been discovered.

If you use the Process Control method of Cycle Counting discussed in this book, and track dollar, SKU, and units in terms of gross variances (irrespective of + or -), you will accumulate results that should free you from ever having to take another Physical Inventory.
As a DC Manager, that is priceless. mdv