Cycle Inventory - Overview

Typically, the "Final For Post" weekly inventory is performed to count ALL of the products on hand at a location. Cycle Inventory refers to the practice of assigning different groups of products to be counted during the Final for Post event in different post periods without counting everything the location receives.

Cycle Inventories can be facilitated by creating a User Defined Category (UDC) for each different Final for Post event (i.e. product group) and then associating those UDCs with the desired Post Period. Also, Secondary Closing Methods can be defined to populate the counts "By Exception" for the products NOT associated with Cycle Inventories.

Cycle Inventory Setup - Enterprise Manager

  1. Create a 'Product' User Defined Category and name it for the desired Cycle Inventory event (product group).
  2. Add the desired set of products to the UDC and save it.
  3. Repeat steps 1 & 2 for each Cycle Inventory event as needed.
  4. On the Post Calendar for the location, select the appropriate User Defined Category as the Inventory Type for each Post period where that group of products will be counted during the Final for Post event.
  5. On the Storage Locations screen, defined the Secondary Closing Method for each Storage Location/Product Type combination.

Cycle Inventory Process - Net-Chef

  1. Print the count sheet for the Final for Post event. (The count sheet will be filtered to display only the items within the UDC associated with that Post period).
  2. Count the items on the count sheet.
  3. Enter the physical counts for those items. If necessary, use "By Exception" to populate counts for items on the count sheet that were not counted.
  • The Primary Closing Methods will be used to populate the counts "By Exception" for these Cycle Inventory items.
  • The Secondary Closing Methods will be used to automatically populate counts for ALL OTHER location products that were NOT part of this Cycle Inventory event (i.e. an automatic "By Exception" for those products, since they were not part of the Cycle Inventory count).
  1. Review the physical counts for those items and rectify any variances as appropriate and able.
  2. Post the period.

 

 

Related Topics Link IconRelated Topics