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Inventory accuracy is vitally important; the challenge lies in achieving it. Out-of-stock items cause profit loss, but paying for inventory storage and transportation also impacts the bottom line. To guide your company in the right direction, Mike Honious, vice president of engineering, Ozburn-Hessey Logistics, shares 10 practical ways to improve inventory accuracy.

 

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 Inventory Accuracy

 

The most successful sports coaches will tell you that victory comes from doing “the basics” exceedingly well. We believe that’s true in the Warehouse Management arena too. When warehouse management business basics are in place, and well executed, operations become more profitable and customer satisfaction escalates.

 

One of the most important “basics” is inventory accuracy. The ability to know the amount, location and condition of inventory in your warehousing operation is vital to overall success. Inventory accuracy definitely impacts operational essentials like order fill rates, for instance – and can improve them.

 

One of our long-time clients, Ozburn-Hessey Logistics, has some good advice on the topic of inventory accuracy. Mike Honious, vice president of engineering at Ozburn-Hessey, is featured in this month’s edition of Inbound Logistics, sharing 10 practical ways to improve inventory accuracy. We trust you’ll enjoy his advice and find ideas, reminders and insights that are valuable.

 

To find more ideas and insights, visit our 3PL Resource Center and/or our Knowledge & Insights section of our website. We keep an eye out for information that our clients and colleagues find useful, so please review it for topics of particular interest to you.

 

Was this article helpful?  As always, we like to get your feedback so let us hear from you.

 

Thanks,

 

Chris Oechsel,

President

 

 

Zethcon Corporation
512 Higgins Rd | Park Ridge, IL | 60068
Phone (847) 318-0800 Fax : (847) 318-0807

www.zethcon.com

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