INVENTORY VALUE

[queenbee]

queenbee,
how are you correcting your inventory using Acct#687?

If they sold a part for less than we paid for it, I charge the difference to 687 in CPO. We don't get paid on 687, and we get huge discounts, so what I charge to it is very small in comparison.

[tmundal]

Make them turn all their paperwork into you, and double check it before it goes to the office. When wrong, hand it back and tell them to fix it, or explain what was wrong. Its your ass on the line with that kind of stuff.

[CHUCKINPARTS]

Firing one person won't educate the remainder if they don't understand the concept, but if they are ignoring the concept than it may. It depends on the people involved.

That's why in my post I said to explain it to them and ask if they understand. Again, when you break it down , it is really pretty SIMPLE.

You bet its simple...... If these people have a checking account or a charge card you can ask them if they understand the principal of money in and money out. Ask them if they have ever looked at there bank statement to make sure that they paid out the correct amounts and that it balances. Of course they understand but then again its not there checkbook.............

[queenbee]

Make them turn all their paperwork into you, and double check it before it goes to the office. When wrong, hand it back and tell them to fix it, or explain what was wrong. Its your ass on the line with that kind of stuff.

I've been doing that for years. I get a "sorry" when it's wrong, but they don't make an effort to prevent it from happening again. And every so often, I find a part that they've been IO'ing that we didn't buy and they don't get why putting in a fake cost is wrong. Or they write an IO credit, and instead of returning the part for credit or putting it in inventory, they stash it under the counter in case they get the opportunity to sell it. And I bang my head against the wall. We did our physical inventory two weeks ago. Yesterday, one guy turned in a $2600 invoice for parts he IO'd a few days before inventory. He hadn't gotten the invoice until then, and didn't think I needed to know about that for inventory.

[partsguy99]

[quote="[/quote]
I've been doing that for years. I get a "sorry" when it's wrong, but they don't make an effort to prevent it from happening again. [/quote]

You've been doing it years and it's still happening? Sorry if I sound cold hearted, but people need to be held ACCOUNTABLE for THEIR actions.
If it were me, I'd have a blind help wanted ad put online, pronto! IMO, people pretty much fire themselves.

[dbuck]

We did our physical inventory two weeks ago. Yesterday, one guy turned in a $2600 invoice for parts he IO'd a few days before inventory. He hadn't gotten the invoice until then, and didn't think I needed to know about that for inventory.

Sounds like they just don't care. How did the inventory turn out?

[queenbee]

unfortunately I'm not actually the manager so I have very little say when it comes to holding people accountable. Everyone is way too complacent around here, and it's acceptable, so the people who actually try their hardest are the ones who are punished. You do a great job, you get more jobs to do. You suck, you get to slack off so you don't screw too much up. And my 3 million dollar inventory was off $24 physically, haven't heard back from accounting yet. I'm not much more confident in their knowledge/abilities.

[MucketMan]

I feel your pain brother...

[queenbee]

I feel your pain brother...

It's sister, mister. I know I'm in the minority on here haha.

[sipps]

We pick our battles. However this is a big one to fight for. Find a way to motivate them to do what you need them to do. Or, start from scratch and hire someone who can. You can't possibly be doing a monthly reconciliation or a daily activity/override report. I just did my first physical and it was way over. That's just as bad as being short. October will be my second reconciliation. The first was +600 after physical. You'll never be on the money perfect. But, if you do your job you'll be within +2%.