Up Your Cash Flow / Goldstein 95-96

 96 Counting the Inventory

 

Your planning should cover topics such as inventory counting teams, the layout of the warehouse, pre-numbered inventory count tags, and supervision.

 

• The counting teams should consist of two individuals: one counter, one recorder. If possible...should not be employees who work in the warehouse.
• Each counting team should be assigned an area of the warehouse.
• Once the counting teams have been assigned their areas, pre numbered inventory tags should be distributed to them.
• All items of inventory should be tagged. After the counts have been made, a tour of the areas to see that all items have been tagged is appropriate.
• The completed tags will be placed in the inventory areas in boxes and on shelves.
• To count large quantities more efficiently, consider the following shortcuts, You can use a scale to determine quantity.
• Adequate supervision is a must.

 

The secret to a successful inventory is careful planning. These guidelines should make your inventory more accurate and more efficient and prevent the complications typically associated with this procedure.