Inventory Snapshot and counting while still selling

  • Benjamin January 20, 2020 at 3:03 pm

    The count you are entering should reflect the quantity at the snapshot time (Dec 31/Jan 1).

    For example, the snapshot quantity is 10, you count 9. The variance is -1 (9-10). If the current quantity is 15 after selling and PO receiving, the final quantity will 14 (15-1) after the last step of inventory count (applying variance).

    mooseracing January 20, 2020 at 5:45 pm

    So you are saying it will apply the purchase orders entered to the inventory snapshot once the variance is accepted/applied for the snapshot count?  Ie – we don’t have to do anything extra on our end?

    I will have to verify that is what we are seeing.  For example one product was 0 at snapshot, PO was 8, but there is 4 on the shelf due to sales.  So someone that is not involved in purchasing then enters count as 4.  That would then be incorrect.

    In the KB – this statement is a little confusing.   “Any items sold after creating your inventory snapshot, but before they have been counted and added to a batch must be added to your count using a manual input batch. “

    Benjamin January 20, 2020 at 7:30 pm

    “For example one product was 0 at snapshot, PO was 8, but there is 4 on the shelf due to sales.  So someone that is not involved in purchasing then enters count as 4.” In this case, you should count zero, because 4 was from PO after snapshot.

    If the snapshot is 8, sold 3 after snapshot. You should count 8. Or count 5, and add 3 (sold) to another manual batch.

    You should count items right after the snapshot created. If you cannot count the whole store at one night, you should do selective/partial count. Or re-create snapshot at the time point of actual counting.

     

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