Physical Inventory - Inventory Count and Adjustment

The process begins with the generation of the required inventory count sheets. Materials can be blocked here for posting during the physical inventory. Once the inventory sheets are printed out, the actual physical inventory count is realized for the given materials. The count result is entered in the system and discrepancies in the system quantities are reviewed. The inventory may be recounted until final counts are accepted and inventory differences are posted.

Key Process Steps Covered

  • Create physical inventory documents
  • Print physical inventory documents
  • Execute physical count or recount
  • Enter physical count
  • List and post physical count differences

Benefits

  • Get a transparent view on the stocks currently available
  • Process inventory adjustments efficiently