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> Partners in Manufacturing Success! Made2Manage > Keys to a Successful Physical Inventory with Made2Manage ®
Keys to a Successful Physical Inventory with Made2Manage ® |  | |
Pre-physical Best Practices
- a neat and orderly stockroom with clearly identified locations
- clearly marked parts with part number and revision
- seperate and clearly identify any non-inventory items
- Regular cycle counts with root cause and corrective action
- Well defined roles and responsibilities
- Robust inventory movement definition and processes
- A well trained group of Inventory personnel
- complete every transaction every day!
Execution
- a well defined group of counting teams and leaders for each physical area
- Counters that know the product and its unique characteristics
- a plan for tag control from counters to team leaders to data entry to audit
- Counting team training 1 week prior to physical date to discuss process & expectations
- Agreement from the audit team how and when they will become involved
Setting up Made2Manage ®
- Agreed upon freeze dates
- Post G/L prior to preparing tags
- Run inventory valuation before and after execution
- Pre-populated tags
- Well organized count sheets that are consistent with counting execution
- Accurate and concise data entry
- Efficient use of the "Audit" reports
- Timely and precise posting thru to the G/L
For more on this and other topics, contact us at (860)989-5981 or visit our website at http://manufacturingsolutionscg.com
Made2Manage ® is a trademark of Made2Manage Systems, Inc. Manufacturing Solutions Consulting Group,LLC. in not connected or affiliated with Made2Manage Systems, Inc. in any way.
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