Cycle Counting

[Former Member]

Hello

Please explain the cycle counting Process in details

Thanks in advance

Regards

Rajesh Dalal

[Former Member]

Hi

Cycle counting is used to decide on the frequency with which Physical Inventory needs to be carried out for a material.Depending upon the usage of the material( Value wise ) you can decide the frequency of Physical inventory.It essentially consists of following steps

1) Maintain the Percentages against A,B,C,D cycle counting indicators in OMCO

2) Perform MICN to schedlue the batch input session for Creation of physical Inventory documents

3) MIBC-For ABC analysis for Cycle counting .

Note : the percentages maintained in OMCO will decide on the classification of the material as to when the Physical inventory needs to be done based on either the consumtion values/Requirement values

Regards

Sandeep