Physical Inventory,
Abstract
High inventory record accuracy is both costly and difficult to obtain. Analysis of errors reveals that inaccuracies cause either an early or late replenishment. The model developed in this study seeks the cost-effective goal of replenishment accuracy rather than record accuracy. A pilot test of the Penalty Cost Model reduced workload 72% with no increase in the warehouse refusal rate nor any decrease in supply effectiveness. The concept has been approved and is in the process of being implemented by the Naval Supply Systems Command. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- May 28, 1971
- Accession Number
- AD0725152
Entities
People
- G. S. Crum
- M. J. Rorke
- P. C. Kohlhaas