From: Stan Hilliard
Date: 18 Jul 1999
Time: 16:32:26
Greetings Jorge,
The sampling approach can lead to sizable cost reductions. You conduct a total inventory only when the inventory book counts are sufficiently inaccurate to justify it. See:
http://www.samplingplans.com/inventory.htm
Combined with the application of control charts to the small but more frequent samples, you will discover special causes and improve the accuracy of the inventory recording process. And the smaller samples are less disruptive of operations.
Sincerely, Stan Hilliard