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What if when physical count differs from system count?
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Answer / krishna
You have to do the Adjustment for equal quantity.for this
you need a approval if the quantity exceeds beyond the
tolerances.
| Is This Answer Correct ? | 7 Yes | 0 No |
As the name suggest Physical count is done in the warehouse to keep track/count of all the items and there quantities to have proper accounting for those. It can be done once or twice in a year. The aim is to maintain a sync with Systematic count(done in oracle system) and find the difference and thus maintain inventory sync and proper finance and accounting of items.
During time of physical count.No transaction is done systematically(Blackout period) so that snapshot of on hand systematically and on hand by physical counting in warehouse can be done and compared .
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sandeep raja
Physical Count : physical count is done for twice or single time in a year,the word physically says it is done counting at inventory's and check with system whether the count is matching or not. here no schedule count option availble. physical count mainly done for the external purpose/Audit.
Cycle count : it is done for internal audit purpose, cycle count can be done for diff schedule from weekly to monthly etc. by doing counting process we can know the qty difference in system and inv.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / suresh
Counting means:To adjust the system quantity to actual warehousing quantity......The main purpose of counting is maintain the accuracy in inventory....Counting is two types physical counting:Yearly once or twice
Freeze the transactions..
No abc analysis
Cycle counting: Periodic one...
Based on abc codes u have to do cycle counting
Recounting...Scheduling possible only in cycle counting
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / chandra sekhar
Physical counting
Snapshots
Tag Generation
Tag counts
Difference: In this we can count once in a year,we cant view the system on hand qty,we cannot do the schedules,
In cycle counting we can count one more than one time like daily,weekly, periodically
2 scheduling
3 able to see the sys on hand qty
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / kesanave
physical count :-Physical count we will do in the Warhorse
(Inventory counting the items )
system count :-Sytem count we will do actual count in the
system.
| Is This Answer Correct ? | 0 Yes | 3 No |
Answer / venkata
physical count :-Physical count we will do in the Warehouse
(Inventory counting the items )
system count :-Sytem count we will do actual count in the
system.
| Is This Answer Correct ? | 0 Yes | 3 No |
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