Just get it right! Measure it and fix it: the only sure route to 98-percent inventory record integrity
Article Abstract:
The inconsistencies between recorded inventory and those arrived at during physical inventory can be avoided by establishing procedures for inventory integrity at the lowest level. Since the integrity of the inventory record determines planning and scheduling, more steps should be taken to assure that entries for inventories are correct. This means that responsibility and accountability for inventory accuracy must be clearly defined as well as specific control points in the process in which inventory integrity can be checked. These points can also be used as starting points with which to introduce changes in procedures.
Publication Name: Hospital Material Management Quarterly
Subject: Health care industry
ISSN: 0192-2262
Year: 1997
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Eliminate (don't automate) inventory tracking
Article Abstract:
Companies wanting to gain global competitiveness must treat their inventories under expenses and seek to reduce this form of expense. While conventional logic dictates inventory tracking as essential for its cost monitoring and planning function, the requirements of competitiveness which entails low turn-around times in production, make inventory tracking a hindrance to the 'flow' desirable in production systems. First stage in doing away with inventory tracking is to automate the inventory methods, and then align the production system so that inventory tracking would be non-essential.
Publication Name: Hospital Material Management Quarterly
Subject: Health care industry
ISSN: 0192-2262
Year: 1997
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Cycle counting: a quality assurance process
Article Abstract:
Cycle counting is a quality assurance procedure that is used to attain accurate inventory records. The procedure works not only to make sure that expected outcome is attained, but also to determine causes of error through feedbacks. Cycle counting, aside from assessing the degree of conformance to desired outcome, also provides corrective action whenever conformance level does not satisfy expectations.
Publication Name: Hospital Material Management Quarterly
Subject: Health care industry
ISSN: 0192-2262
Year: 1998
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