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Agreeing upon audit expectations goes a long ways in solidifying the workers' perspective of their own role in helping to keep track of warehouse stock and how they can benefit the company. When set up properly and carried out thoroughly and regularly, an audit is one of the best tools a business has in helping to keep warehouse stock inventories well managed and in keeping records accurate and reliable.
There are many contributing factors to warehouse stock record inaccuracies and in keeping the warehouse employees as productive and efficient as possible. Many of the causes of warehouse stock record inaccuracies are very basic in nature, and stem from an improper balance between prudent, logical actions and a businesses inability to keep track of their products, stock, and employees. When businesses understand the factors in keeping stock accurately accounted for and safe, they can build and grow through time and money saving efforts and business plans. It is just as important for as business to understand their employees and supply chain as it is for them to understand their products and customers.
References
DeHoratius, Nicole and Raman, Ananth. (2008). "Inventory Record Inaccuracy: An
Empirical Analysis." Management Science, August 2008.
Ernst, R., Guerrero, J. And Roshwalb, A. (1993). "A Quality Control Approach for Monitoring Inventory Stock Levels." Journal of the Operational Research Society, 44, 1115-1127.
Johnson, J, R., Leitch, R.A., and Neter, J. (1981). "Characteristics...
And Brown, K.A.. (1993). "Predicting Inventory Record-Keeping Errors
with Discriminant Analysis: A Field Experiment." International Journal of Production Economics, 32, p. 39-51.
Outline
1) Introduction
2) Thesis Statement:
a) Business stock is important because it is widely used as an asset to generate income and revenue. Causes of stock inaccuracy are many. Therefore it is vastly important that stock be carefully stored and watched to prevent inaccurate record keeping. In this paper, the writer examines some causes of warehouse stock inaccuracies and ways to minimize them.
3) Human Error
a) Human errors
b) Robots
c) Remedies for errors
4) Inventory Density and Variety
a) Issues and correlations relating to density
b) Issues and correlations relating to variety
c) Remedies
5) Standardization
a) Why standardization helps a business
i) Military model
b) Remedy for standardization problems
6) Audits
a) Frequency
i) Correlations/Implications
b) Definitions and Expectations
c) Making audits work for the business
7) Conclusion
a) Restate thesis in different words
b) Revisit paper topics
References
DeHoratius, Nicole and Raman, Ananth. (2008). "Inventory Record Inaccuracy: An
Empirical Analysis." Management Science, August 2008.
Ernst, R., Guerrero, J. And Roshwalb, A. (1993). "A Quality Control Approach for Monitoring Inventory Stock Levels." Journal of the Operational Research Society, 44, 1115-1127.
Johnson, J, R., Leitch, R.A., and Neter, J. (1981). "Characteristics of Errors in Accounts
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