| Inventory
tags, once issued, are recorded
in the system for each part
receiving a tag. Tags returned
due to part activity (sales,
damage, work-in-process, etc.)
are also recorded. When physical
inventory is taken, variances
between tags issued and those
returned are reported through the
system. Detailed
item specification includes part
types, scrap percentage, lot or
serial tracking, obsolete parts,
bins, receiving inspection, and
product categories.
|
Counted
tags verifying physical inventory
can be used to update the part
master file quantities
automatically. Posting other
computer processes that check
inventory levels to proceed
regardless of physical inventory
levels. Overall,
the Physical Inventory module
provides for comprehensive
maintenance and management of
inventory intensive operations.
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