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.
Read the article: click here |
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.
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Thanks,
Chris Oechsel,
President