Procedure: Inventory Cycle Counts
SCOPE: Regulate Inventory Counting on a consistent basis
PURPOSE: Define expectations for cycle counting with the understanding that production changes could occur, causing the notated outline to change.
ASSOCIATED DOCUMENTS: N/A
PROCEDURE:
In order to ensure accuracy with inventory all items must be accounted and adjusted on a scheduled basis. The following requirements will be in place to ensure we are verifying and adjusting accurately.
High Volume Material: Weekly Counts Required
-Nickel Hardware
Including all Sub Assembly Components (T&G, Binding)
Low Volume Material: Monthly Counts Required
-Black Hardware: To be counted the First week of the month
-Corrugate: To be counted the First week of the month
-Brass Hardware: To be counted the Second week of the month
-Copper Assortment Hardware: To be counted the Second week of the month
Including all Sub Assembly Components (T&G, Binding)
-Vinyl: To be counted the Third week of the month
-Paper: To be counted the Third week of the month
-Glue: To be weighed and counted the Third week of the month*All counts and transactions must be done in NS prior to the close of the month to ensure accuracy with costing*