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Do you think that inventory sampling is a good alternative to complete inventory count?

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Question added by Nikolaj Bekarslanov , SUPPLY CHAIN MANAGER , Rieker Schuh AG
Date Posted: 2016/04/02
Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Agree with experts answer <<<<<<<<<<<<<<<<<<<<<<<,

Ghada Eweda
by Ghada Eweda , Medical sales hospital representative , Pfizer pharmaceutical Plc.

Thank you for invitation, waiting for expert view.

vidya sagar burra
by vidya sagar burra , Assistant Manager SCM , Gati Kintetsu Express Private Limited

yes it is......................

Sathish Prabhu.V
by Sathish Prabhu.V , Manager - Operations & Process Improvement , Revolution Valves

Yes. Statistical Inventory sampling can be an alternative for full physical count or even a cycle count. There are so many misconceptions that statistical Inventory sampling is just a short cut and it may result in failure of stock taking efforts.

In my point, statistical inventory sampling shall be a shortcut but not a negative shortcut which results in failure but a positive shortcut like keyboard shortcuts which usually more effective.

We can use statistical Inventory sampling as a method to confirm Inventory accuracy, whereas few companies are substituting it for annual physical count which is quite expensive.

My conclusion is Statistical Inventory Sampling shall be positive substitute to physical count provided, your warehouse function is more systematic and if it so I can guarantee a accuracy level equal to full physical count if not more.

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