(Inventory – Inventory Setup – Cycle Count Codes)
Screen Details:
Link:
What is cycle counting?
Cycle counting is the process by which a small sub-set of stock items is counted on a periodic basis. Each subset of items can be assigned to a Cycle Count Code against which stock counts can be scheduled to be conducted at planned intervals.
Ideal for bulk materials with variable usage
Cycle counting is ideally suited for bulk raw materials such as plastics where job usage quantities are not precise and vary from job to job for the same parent item. The only practical way to issue such materials to jobs is to accept the BOM usage quantity by default. A cycle counting schedule can be applied to such items so that periodic stock counts are made to adjust on hand quantities to reflect actual stock on hand.
Alternative to mass physical inventories
Mass physical inventories where a stock count is performed on the entire inventory requires you to suspend operations and is error-prone due to the large number of items and locations being counted by numerous people in a short period of time.
Instead of conducting mass physical inventories, you can implement a cycle counting program where you count selected items, item categories, or location groups periodically on a scheduled basis. Small cycle counts are relatively easy to conduct and can be performed without suspending shop activities.
