In October I did my first annual physical inventory. I’ve worked on them before in previous jobs but only as a member of the count team. This time, I was a member of the organizing team and responsible for the results. What were they? It took 35 people 4 days to count our inventory. We had a net variance of about $45k. This is one of the better results for the plant I work in. I was very disappointed with the gross variance. It was almost 15 times the net variance. It means we either have offsetting systemic errors or just dumb luck. I’ve already come up with a goal for next year of a net variance of $36k and a gross variance of better than $520k. I’d love to do better but it’s not my full time area of focus. I’ll continue to post updates as I progress through the year.