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A warehouse filled with stock. Stock-taking or "inventory checking" or "wall-to-wall" is the physical verification of the quantities and condition of items held in an inventory or warehouse. This may be done to provide an audit of existing stock. It is also the source of stock discrepancy information.
Inventory control is the process of managing stock once it arrives at a warehouse, store or other storage location. It is solely concerned with regulating what is already present, and involves planning for sales and stock-outs, optimizing inventory for maximum benefit and preventing the pile-up of dead stock. [17]
First article inspection is typically a purchase order requirement of the purchaser for the supplier to complete. If the manufacturer doesn't have the in-house capability or if the purchaser requests, the first article inspection may be conducted by an approved subcontract supplier such as a dimensional inspection/metrology laboratory.
Ideally, these selections are daily but many companies choose to generate cycle count items weekly. Many companies perform "mini" physical inventories and call it cycle counts. Instead of using random or system generated part numbers at specific locations to count, they selectively choose specific locations and count everything in those locations.
Pre-shipment inspection (also preshipment inspection or PSI) is a part of supply chain management and an important quality control method for checking the quality of goods clients buy from suppliers. PSI helps ensure that production complies with the governing specification, contract, or purchase order. A final random inspection (FRI) checks ...
Develop a work structure that will support the new practices and make it part of the daily routine. Ensure everyone knows their responsibilities of performing the sorting, organizing and cleaning. Use photos and visual controls to help keep everything as it should be. Review the status of 5S implementation regularly using audit checklists.
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