Just get it right! Measure it and fix it: the only sure route to 98-percent inventory record integrity |
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Authors: | Ribar T R |
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Affiliation: | Management Solutions International, Mequon, WI, USA. |
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Abstract: | Call it what you want: Back to Basics, Do it Right the First Time, or simply Inventory Integrity. There is no escaping the fact that accurate inventory just may be the most important requisite for any successful business or any business improvement effort. Good decisions require good facts, not just a good imagination or high hopes. Inventory, which is often the largest asset on the books, forms the basis for major and far-reaching business decisions every single day. If it is not accurate, then just imagine how good the decisions will be. |
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