define the difference between cycle counting and physical
inventory?
Answer Posted / anuj tyagu
(1)Cycle counting is the periodic counting of individual
items throughout the course of the year toensure the
accuracy of item.
Physical Inv. counts all the inventory once a year Physical
Inv. takes a snapshot of inv.'s on-hand quantity at the
begining of th e process. All adjust ments are made against
snapshot quantity.
(2)In cycle counting fewer items are counted each day so
less disruption to normal production or distribution
In PI all items are conted once a year so alot of
disruption
(3)In CC you need to use a miscellenious transaction to
report 'found material.
In PI unique tag generation is done for recording counts
| Is This Answer Correct ? | 14 Yes | 7 No |
Post New Answer View All Answers
What are the FAQ's asked Functional consultants in SCM ? If any one knows please send.
Explain difference between discrete mfg and process manufacturing?
Hi Guys, I am looking for Oracle Apps SCM/Finance Functional Training in Bangalore. Please suggest me or Guide me
Is it possible to create 5 levels of approval for sales order?
What are the accounting behind consigned inventory in P2P?
May i know some of the real time issues we face in oracle purchasing, inventory and Order Management.
Do you have knowledge of Inter-Company Invoicing? If yes, explain the process.
What is the use of INV-Receipts and PO-Reciepts,Just give me the Differences&When,At what Instances to use Them...?
Is it possible to change the warehouse after booking the sales order, if yes how to de allocate the items booked in previous warehouse?
What is the use of LC? How is it useful in export sales?
Oracle report builder 6i is view based then what about report builder 10g?
Where to find the ISO accounting entry details?
Can you pls provide the interview questions on oracle apps SCM.including ASCP module.
What are the different types of excise exemptions?
What is the use of LC? How is it useful in export sales?