Skip to content
Search...

Distribute Knowledge

  • HOME
  • Forklift manuals
    • Get help to find a forklift manual
    • Manuals by brand
      • All brands
      • Allis Chalmers
      • Atlet
      • BT Prime Mover
      • CAT
      • Clark
      • Crown
      • Daewoo-Doosan
      • Hyster
      • Hyundai
      • Jungheinrich
      • Kalmar
      • Komatsu
      • Linde
      • Lull
      • Manitou
      • Mitsubishi
      • Nissan
      • TCM
      • Toyota
      • Yale
    • Find Printed Forklift Manuals
    • What is a forklift manual?
    • Free manuals
      • Clark C500 Forklift Manual
    • What do forklift manuals cost?
    • How to use a PDF manual
    • Get help to find a forklift manual
    • Manuals by brand
      • All brands
      • Allis Chalmers
      • Atlet
      • BT Prime Mover
      • CAT
      • Clark
      • Crown
      • Daewoo-Doosan
      • Hyster
      • Hyundai
      • Jungheinrich
      • Kalmar
      • Komatsu
      • Linde
      • Lull
      • Manitou
      • Mitsubishi
      • Nissan
      • TCM
      • Toyota
      • Yale
    • Find Printed Forklift Manuals
    • What is a forklift manual?
    • Free manuals
      • Clark C500 Forklift Manual
    • What do forklift manuals cost?
    • How to use a PDF manual
  • Forklift Parts
    • Get Help from our Parts Expert
    • Forklift Parts eBay
    • Forklift parts by brand
    • Get Help from our Parts Expert
    • Forklift Parts eBay
    • Forklift parts by brand
  • LEARN
    • Forklift batteries
    • How to…
    • Cost reduction strategies
    • Warehouse Equipment
    • Warehouse Dictionary
    • Forklift batteries
    • How to…
    • Cost reduction strategies
    • Warehouse Equipment
    • Warehouse Dictionary
  • Jacks, Rack & Parts
    • Pallet Jacks > Store
    • Racking and Shelving > Store
    • Forklift Parts > Store
    • Pallet Jacks > Store
    • Racking and Shelving > Store
    • Forklift Parts > Store
  • Calculators
    • Forklift Ramp Incline Calculator
    • Load Center Capacity Calculator
    • Forklift Battery Ampere Hour Calculator
    • Pallet Space Calculator
    • Warehouse Space Calculator
    • Forklift Lease Payment Calculator
    • Inhouse Maintenance Cost Calculator
    • Forklift Ramp Incline Calculator
    • Load Center Capacity Calculator
    • Forklift Battery Ampere Hour Calculator
    • Pallet Space Calculator
    • Warehouse Space Calculator
    • Forklift Lease Payment Calculator
    • Inhouse Maintenance Cost Calculator
  • Industry information
    • Top 20 Forklift Companies
    • Forklift Companies
      • CAT
      • Clark
      • Crown
      • Komatsu
      • Manitou
      • Mitsubishi
    • Top 20 Forklift Companies
    • Forklift Companies
      • CAT
      • Clark
      • Crown
      • Komatsu
      • Manitou
      • Mitsubishi
  • About Us
  • Contact
Warehouse IQ > How to Avoid Costly Year End Physical Inventory

How to Avoid Costly Year End Physical Inventory

Posted byd5admin September 18, 2011
Jump to Content
ad  
 
 
 
 
 

Suggested articles:

Cycle Count Inventory

 

Warehouse Physical Inventory Audit

 

First check with your auditor to see if they will accept cycle counting inventory.

Then, sort your inventory into three classes:

  • A- Expensive (or critical) inventory
  • B- Less Expensive (less critical) inventory
  • C- Inexpensive (non-critical) inventory

Count your A items on an on-going basis 4 times a month.

Count your B items once a month.

Count you C items once a year.

You can weave this activity into your usually warehouse operations during slower times of the day, month and year.  This allows you to achieve inventory accuracy at a far lower cost than what a year end physical inventory.  It also will be less stress on you and your operation, with less over-time and time-pressure.

If your auditor’s sample count agrees with your book inventory, then your book inventory can be accepted.  The benefits to this approach:

  • Less stress
  • Reduced labor
  • Reduced handling
  • No need for a physical year-end inventory count
  • You will have a tight control over your critical and expensive inventory items

Many warehouse managers will use will use  bar code scanners for their inventory management.

Posted byd5adminSeptember 18, 2011Posted inCost reduction strategies, Inventory Management, Logistics Ideas, Materials Handling Ideas, The Warehouse, Training & Education, Warehouse Basics, Warehouse Best PracticesTags: Cost Reduction Strategies, Cycle count inventory, Inventory Management, Reduce warehouse costs, Warehouse Management, Warehousing Guide

Post navigation

Previous Post Previous post:
Forklift Fuel Cost Calculator – Cat Lift Trucks
Next Post Next post:
Order Entry and Order Processing Tips

*Please note: Some links on this site lead to web pages operated by companies that we have affiliate relationships with. In some cases, we may receive compensation for referring traffic. These include eBay, Amazon, and others. As an Amazon Associate this site earns from qualifying purchases

Copyright © 2023 Warehouse IQ,