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

Video Description

Download the Inventory Control Accuracy KPI Calculation in Excel here: https://abcsupplychain.com/download-inventory-accuracy/ If you want to level up your supply chain skills, you can apply to join my Expert & Leader Program here 👉🏻 https://abcsupplychain.com/ Join my free Inventory Management Masterclass: https://abcsupplychain.com/free-online-supply-chain-courses/ 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 ►Free Supply Chain Management Masterclasses: https://abcsupplychain.com/free-supply-chain-management-masterclass/ #supplychain #logistics #inventoryaccuracy #stocktake