You have probably heard it several times before. I’m also pretty sure, that you have read it once or twice, maybe printed on mugs, bags and t-shirts.
Tag:
counting inventory
- GeneralInventory management
3 Misconceptions about Statistical Inventory Sampling
by David Weaverby David WeaverKnowing what is on hand in a particular warehouse at a given point in time is of utmost importance. That is why stocktaking procedures should not be taken lightly. As…
- Inventory management
Stop thief! How inventory sampling can prevent inventory shrinkage
by Kai Keppnerby Kai KeppnerA few weeks ago, the story of a high-profile theft made the headlines. Ms. Lederhaas-Okun, a former executive at the internationally renowned jewelry company, Tiffany & Co., was accused of…
- GeneralInventory management
What could going bald possibly have to do with counting inventory?
by Kai Keppnerby Kai Keppner…well nothing really, but it serves as a great analogy for the sequential testing method for counting inventory. There are approximately 100,000 hairs on the average human head. Although this…