Stocks and inventories under control

This is due to generous return options and payment terms, which have lengthened the sales process by eleven days over the past five years. Reason enough to take a closer look at the stock quantities in your own warehouse, as there is great potential for savings here. The specialist book "Rationalization of Inventory and Inventory Control", which was published in the "essentials" series by Springer Gabler Verlag at the beginning of 2018, provides a quick introduction to this complex topic. Author Jörg Ökonomou illustrates in a very practical way the options and implementation possibilities offered by statistical methods, which are also suitable for inventory controls during the year. The guide with the subtitle "Less effort and more security with inventory sampling" is aimed specifically at practitioners who want to optimize their inventory and stock control processes. The reference book shows how statistical mathematical methods can replace conventional, time-consuming procedures. Instead of theoretical-mathematical discussions, the focus is on practice as well as the framework conditions and concrete implementation options. Author Jörg Ökonomou keeps the goal of increasing inventory quality and drastically reducing inventory costs in mind.

Meet legal and audit requirements with significantly less effort

"Inventory sampling means less effort and more security." Jörg Ökonomou, owner of Stat Control and book author

In addition, 50 pages of compact information explain how stocktaking can be simplified by up to 95 percent using statistical methods. Depending on stock levels, full inventories can take several days and tie up a lot of manpower. However, the legal and auditing requirements for stocktaking can be met with far less effort. At the same time, stock reliability during the year can be efficiently established and measured.

In addition to the distinction between stocktaking and stock control, Ökonomou also discusses the legal requirements for inventory sampling as well as the operational and organizational options. Inventory controls are also examined from a risk perspective. Practical examples and a comprehensive glossary round off the "essential", which can be ordered at a price of 9.99 euros (ISBN 978-3-658-19994-4). As an eBook, it has the ISBN 978-3-658-19995-1 and costs 4.99 euros.

Jörg Ökonomou is the owner of Stat Control GmbH. The consulting and software company was founded in 1991 from the auditing firm PriceWaterhouse (now PwC) and specializes exclusively in statistical procedures for inventories and inventory monitoring. The systems are explicitly certified for stocktaking in Germany, Austria and Switzerland, but are also used in numerous other countries within and outside Europe. Stat Control's customers are large and medium-sized companies from the industrial, retail, logistics services and utilities sectors.

www.statcontrol.de