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Useful reads on warehouses, stock counts and audits.
- Warehouse data: what to measureYou do not need to measure everything: stock accuracy, turnover, order completeness and losses are enough.
- How inventory accuracy is calculatedDivide the number of positions that matched the records by the number counted and multiply by 100.
- Accuracy by employee: measuring without blamingSplit the error rate by employee, shift and operation and you see where training is needed, without having to blame anyone.
- What the turnover ratio isDivide the cost of goods sold in a period by average inventory and you learn how many times stock turned over.
- How many days stock stays in the warehouseDays of stock come from dividing 365 by the turnover ratio and are easier to grasp.
- Fill rate: how much of each order is fulfilledIt shows what share of the quantity a customer asked for was actually supplied from stock.