Inventory Control: How to Track Inventory Accuracy? (Stocktake, Excel Calculation Tutorial)

Download the Inventory Control Accuracy KPi Calculation in Excel here: https://abcsupplychain.com/download-i...

Join my Inventory Management WORKSHOP (free): https://abcsupplychain.com/inventory-...

How bad is your inventory accuracy? 📦🎯📦
On average, 35% of our inventory is inaccurate.
And most of the time, we have less than expected 😢

Here are the 8 reasons why stock discrepancies appear :

• Lack of regular tracking
• Wrong supplier delivery
• Quality issues not recorded
• Wrong customer returns
• Lack of process & training
• Lack of automation
• Lack of innovation (like RFID)
• Too much inventory

The first step towards improving your inventory's accuracy is following my NEW step-by-step YouTube tutorial!

I will explain in simple terms what to look out for and the best practices to track your inventory as precisely as possible!

We will go through the following:
• What inventory accuracy is
• Why it is so important
• Inventory formula in Excel (download below the video)
• How to verify your stock (stock take process)
• 8 Reasons for poor inventory accuracy
• How to improve inventory accuracy
• A special focus on RFID Decathon group project with a super cool robot 🤖

You can download an Excel to start accurately tracking your stock today 🚀

Enjoy this video, and let me know what is YOUR best solution to improve your inventory accuracy 🙋‍♂️💪.

▬▬▬▬▬▬▬▬▬▬▬ CHAPTERS ▬▬▬▬▬▬▬▬▬▬▬▬

0:00 Intro
0:38 Inventory Accuracy Meaning
2:30 Inventory Accuracy Importance
3:43 Inventory Accuracy formula in Excel
7:52 8 Inventory Discrepancies Causes
12:03 My Inventory Management Workshop

MY BLOG: https://abcsupplychain.com

#supplychain #logistics #inventoryaccuracy #stocktake