People and inventory frequently represent the two most significant investments a business makes. Inventory transactions usually involve people from many different departments which often cause a blurring of responsibility for Inventory Record Accuracy (IRA)and makes high IRA difficult to achieve but more important, very difficult to sustain. By focusing on processes a business can achieve absolute piece part IRAs above 90% in three months, in the high nineties in a six to nine month time frame and an IRA consistently and sustainable above 99% in 12 to 18 months.

What’s the secret: use a method that collects data focused on improving the processes coupled with effective use of that other asset– people……

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