A physical inventory unit is defined as all product belonging to the same customer, placed in the same warehouse and location with the same level 1, level 2, level 3, level 4 values and the same hold code. For example, if you placed two pallets of identical product in the same location and then placed one pallet on hold and left the other pallet with no hold, you would have two physical inventory units on your system for that location:
A purpose built 3PL solution provides a module for formal, physical inventories.
- You may configure a single or double count per location, with additional counts until discrepancies are processed.
- RF or paper based
- Blind count configurable
- Tools available to automatically process variances
- Variances can be reported via EDI if configured to do so
Our best-in-class 3PL allows you to define variances for each cycle count profile that you set up. A variance is the percentage difference between the book value and the cycle count value. If the variance exceeds the percentage that you allow, the system will prompt you to recount the item until the variance falls within the range that you defined.