Warehouse Management Training

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 Physical Inventory

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Physical Inventory : Business Scenario

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Inventory Methods

The description of the inventory methods refer

only to the technical prerequisites that are
necessary to set up and carry out the
different inventory methods. These notes
can be used to supplement and check the
company-specific inventory requirements.
•  The inventory method is assigned at the
storage type level with the exception of
cycle counting. All of the inventory
methods are executed within the storage
type.
•  If cycle counting is the chosen inventory
method, it can be run above the storage
type level, provided all storage types
involved have cycle count assigned as the
inventory method.

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Inventory Process

The process for taking inventory is the same, whether

you are doing annual or continuous inventory.
•  When you take annual inventory, the entire
storage type is blocked for movement and all bins
are counted. With continuous inventory and cycle
counting, only the affected bins are blocked for
movement.
•  When you select continuous inventory, you are
counting the bin and you must count all quants
within that bin. When you select cycle count, you
are counting the material, wherever that material is
within the storage type(s) selected. In the case of
mixed storage, all quants within the bin must be
counted.
•  When you clear differences in WM, any
discrepant amount is written to the interim storage
type for differences and the bins are unblocked.
You then clear differences in IM to adjust the
inventory balance and create the accounting
document.
•  Warehouse inventory data is year-dependent and
must be reset at the beginning of a new inventory
period. The program RLREOLPQ is provided for
this purpose.

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 Thank You

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Copyright © 2012 NTT DATA, Inc. This document contains confidential Company information. Do not disclose it to third parties without permission from the Company.