Physical Inventory
This chapter explains how to determine how much physical inventory is actually on hand.
The QAD Document Library includes related training material. See
QAD Inventory Control Training Guide. Introduction to Physical InventoryIntroduces physical inventory concepts and features.
Deleting/Archiving Old TagsDiscusses how to delete and archive old tags.
Freezing Inventory BalancesExplains how to freeze inventory balances.
Creating/Printing TagsOutlines how to create and print tags.
Entering Initial Tag CountsExplains how to enter initial tag counts.
Reviewing ResultsCovers how to review results.
Zeroing/Voiding Unused TagsDiscusses how to zero or void unused tags.
Updating Inventory BalancesDiscusses how to update inventory balances.
Introduction to Physical Inventory
Physical Inventory enables you to count and compare actual, on-hand inventory balances with on-hand quantities recorded in the system. This can also be done with cycle counting.
To perform a physical inventory count, first determine the items you want to count and the count frequency. Each item to be counted must have a system-generated count tag, used to record item count information.
The steps for conducting a physical inventory are:
1 Delete the tags from the previous physical inventory.
2 Freeze inventory balances.
3 Create and print tags.
4 Enter initial tag counts.
5 Review results and enter recounts if necessary.
6 Void/zero count unused tags.
7 Update inventory balances.