How accurate are your inventory records? It’s a
question you've probably asked yourself on more than one
occasion. It is what every organization that handles inventory struggles
with at one level or another, at one time or another, and coincides with
automation and efficiency efforts.
Changing from Annual to Cycle counting does take some
planning, but the long term benefits may well be worth the effort. It
also something that may need to be approved by your board or other regulatory
body depending on your industry.
We have found that many businesses need to do both Annual
and Cycle counting until they show a consistent accurate inventory for at least
one year. After that time period the annual counting can be
discontinued. It is important that you demonstrate
good accounting controls and financial reporting.
Please read the article series below to find out more.
Find Accounting Software continues their 2-part series
and answers some additional questions about cycle counting. Find Accounting
Software has some great resources to help you navigate through the sea of
change. Read on for more information.
Where are you struggling?
Do you know how to get started?
What you should count and when?
What approach will you take?
At Dolvin
Consulting we work with your team to find solutions that drive
efficiency and automation in your operations. Working solutions that are
just-right for you and your business. Contact us today to
see how we can help.
No comments:
Post a Comment