Dynamics Company Inventory count System is the physical verification of the quantities and condition of items held in an inventory or warehouse

 

Inventory count guarantee these advantages:

•    Match the physical and booked quantity

•    Reveal internal theft

•    Uncover book keeping errors (Manually, and Electronic)

•    Easy reference for internal & external auditors

•    Reveal unrecorded transactions

•    Detects errors at early stage

•    Increase confidence in selling/buying decisions.

 

Inventory count types:

 

Annual Inventory count:

-    All the warehouse operations have to be blocked.

-    All the items in the location are physically counted (WALL TO WALL)

-    A variance report is provided to the customer

 

Perpetual Inventory count:

-    ABC stock classification can be used with high frequency of count for class A, less for B and minimum for C.

-    Ensures a full count of all the stock depending on the nature of each activity.

 

Surprise inventory count:

-    Occurs suddenly without warehouse employees knowledge about the time of the inventory count

-    Decreases the possibility of theft from the warehouse

-    Forces warehouse employees to be always on the alert

-    Count the precious product or the fast moving product or as the customer requirements