「Inventory Control in Practice 6.In-Out Management and Inventory Count」

Content

• Chapter 1 Warehouse in and out management
• Chapter 2 Physical inventory
  • 1. What is physical inventory
  • 2. How to proceed in physical inventory
  • 3. Evaluation of inventory

Summary

When beginning work on inventory management
Please master the basics of the warehouse in and out management and physical inventory which are essential in practice.

For previous orientation before physical inventory
When doing the periodic or simultaneous physical inventory, it is not uncommon to call for backup from other departments. Before beginning, please give the basic knowledge to the staff who will become leaders.

Audience

material handling, distribution, purchase and accounting staff

Introduction

In order to obtain accurate data
To properly manage inventory, you need to know exactly the actual movement of goods.
For this, you need to:

- Keep track of inventory movement --- Warehouse in and out management
- Check the state of inventory at the closing of the fiscal term --- Physical inventory check

First, about the warehouse in and out management,

- Various types of in and out (planned, unplanned, and reversal etc.)
- Management method (physical and by books)

are clearly explained.
Furthermore, regarding the physical inventory,

- Periodic and simultaneous inventory
- Regular and cycle counting
- Regular and parcel inventory

are described. And, as the methods of inventory check,

- Using the inventory sheet
- Using the inventory card
- Using shelf tags

are explained.
In addition, how to evaluate the stock is described as well.

Last modified

2011.12

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