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The Cycle and Full Physical Counting functions in the Epicor application allow for inventory error identification, analysis, and resolution. These functions process and manage inventory counting conducted on a cyclical basis, but also handle single physical counts conducted for all parts within a specified warehouse.
Cycle Counting is a method of continuous improvement. Sales commitments rely on accurate stock information and cycle counting provides this accuracy. It also improves key metrics such as inventory turns and customer service levels.
On Thursday, April 30, Senior Consultant Lynn LaPlante presented how Cycle Counting works in Epicor ERP. Some of the features include:
Cycle counting overview
Definition and creation of ABC codes
Define cycle and full physical counting and parameters
Define cycle and full physical parameters
Allowable default percent, quantity tolerance, value and quantity adjustment percentages for A, B, and C-coded inventory items or for selected items in a specific warehouse.
Specifying if inactive items, items with zero quantity-on-hand, obsolete items or items with negative quantity-on-hand should be excluded when selecting cycle items for a specific warehouse.