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Physical Count should be recorded. This is very important topic.
As per the warehouse system. The Data entry Operator enter all the MRV /MIV / and we print the Inventory list as per the computer data sheet. The Data entry dont have knowledge of the parts which was check & received as per the delivery note by our store keeper.Same time procrucument placed the order same part with the different supplier and the cost get changed with the privious. So our site warehouse Keeper see the item is same and Part number / Identified Id code is same but the location is kept in two different racks. So this goes the stock more than the present stock. That can be updated in inventory list and correct in our system.
qty
expire date and produce date
Actual quantity physically found during physical count of inventory should be recorded.
As we mentioned, a physical inventory may be a time- and resources consuming procedure, which requires proper planning. The planning helps you to make your annual inventory count more effective. You should have a written policy regarding the inventory count process (inventory plan, inventory instructions). In this policy you determine a date of conducting the physical inventory, assign responsible persons and describe the methods to be used. You can use different approaches (full inventory count or cycle count) to count different types of inventory; for example, one method for finished goods, and another method for work-in-process (WIP) or for raw materials. You also should publish the procedures and policies regarding recording the counts, reconciling discrepancies, unknown items, emergency or rush shipments, and auditor's approval requirements. Establishment and documentation of counting procedures will allow you to control and supervise physical inventory properly.
simply the name of SKU and its qty. The objective is to compare the physical stock with book stock.
When conducting a physical inventory the classification, location and number in stock of a good should be recorded.
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