Set Cycles for Inventory Counting
Inventory management is a big deal. You need to store it in appropriate physical conditions, monitor expiration dates, protect it from any kind of damage, and if you made it successfully so far – you must count it accurately to make sure it is reflected in the books correctly.
When you count your inventory once or twice a year, each count takes lots of time, usually done in a hurry, sometimes with outsourced help and may reveal significant gaps comparing to the books. To avoid unwanted surprises and continuously increase the accuracy of inventory status, SAP Business One enables you to set cycle counts on a regular basis:
When conducting a frequent count, the counting process is more efficient, takes less time and if inconsistencies are discovered, they are probably minor. Investigating the cause of small inconsistencies revealed during a frequent count may prevent larger gaps in the future.
Now, assign the relevant inventory cycle to the respective warehouse, either per items group or sub-levels (in warehouses where bin locations are managed):
Available in SAP Business One, version for SAP HANA and SAP Business One. This tip and all the other tips are available on the Tip of the week community page. You can also visit the Implementation Arena for useful implementation tips.