For the fourth year in a row, ValuePoint has again achieved the highest level of world class inventory accuracy on behalf of it’s client at one of the 30,000 sq.ft. offsite indirect warehouse’s we operate for them. Filled with some 13,582 individual part numbers at a value of $15.2 million dollars, the quick and accurate operation of this facility is critical to support a very tight just in time manufacturing environment.
With everything from janitorial supplies to critical machine spare parts in stock, a full physical inventory of every part number is conducted annually. Jointly completed recently for 2016, it was found that only 55 part numbers had ANY type of inventory count discrepancy. This level of performance equates to a part number accuracy rate of 99.6%! Updating system counts on the 55 part numbers which did contain minimal errors, required correcting inventory transactions that had a NET financial impact of just $552.65. With over $15.2M in inventory, the client can rest easy that their valuable inventory is controlled and properly managed at a very high level by the ValuePoint team. In fact, it’s the same team in this instance that has achieved this level of inventory accuracy during each year’s annual physical for 4 years in a row.
Led and executed daily by a team that is committed to excellence, they put our processes, systems, and accountability to work daily to achieve this type of success. While not easy, for those customers that allow us to put this approach to work for them, this level of performance is absolutely achievable and directly results in an improved bottom line.
We are extremely proud of this team as well as the entire ValuePoint family for all they do on behalf of our client’s.