Supply Chain Metric .com
Inventory Record Accuracy
Stratify SKU's: (annual usage X standard cost)
Cycle count items (usually daily) using a random sample,
within the following groupings:
Items considered accurate if the actual on-hand quantity
matches the perpetual inventory quantity, within the following tolerances:
Target should be absolute minimum of 95% for MRP/DRP to function effectively; 99% for best-in-class
Note: Do NOT do a simplified Cycle Count, adding the positives and negatives, then comparing the sum to the total stated inventory.
Our goal is to guide companies that are looking to
optimize their Supply Chain. Originally, we intended on answering questions about Inventory
Control, Sourcing, Manufacturing, Distribution and Supply Chain Metrics. However, we currently do not have the resources to answer individual questions.
For information on Inventory
Turns, Fill Rate Measurement, Backorder Reporting or any other Supply Chain
Metric, click on the links to the left. The text that appears on this
website is the opinion of the webmaster. Metrics may or may not be uniform
across all industries. All data listed here may be used as a general guide, but
it's accuracy is not guaranteed. Please consult a qualified Supply Chain
professional for more details on Supply Chain Measurements.
Other Supply Chain Websites
VendorManagedInventory.com - information on
Vendor Managed Inventory