Physical count adjustments for Inventory management

SIMMS 2014 Inventory Management software provides you with the tools you need to perform and streamline the physical inventory counts with its numerous Stock Count features. The integration with of your stock management system with data collectors will help your stock-counters gain efficiency and speed by scanning barcodes instead of hand-writing quantity details on a clipboard. SIMMS will compare its quantities with the details from your data collector to determine the variance (if any). You can review all discrepancies before you finalize the Stock Count to decide if a re-count is required.

Advantages of the SIMMS Stock Count features:

  • Adjustment documents can be created from the stock counts and are recorded and linked to the stock counts for a comprehensive audit trail.
  • Item quantity details and system costs can be hidden from your stock-counters to help you ensure more accurate counts. Inventory values can be displayed at any time to managers who need this information.
  • Numerous features are available as options, including the printing of a Variance Report for viewing the discrepancies in the physical and system quantities in terms of percentages, units of measure, and/or values.
  • Physical quantity details can be imported using data collectors or entered manually.
  • Stock Count documents are easily and quickly created for specific items and stock bins making it possible for you to instantly compare physically-counted item quantities to the “system quantity” at that moment in SIMMS.
  • You can choose to “freeze” stock from being used while the count is taking place or opt to do a “snapshot” (in order to reduce the interruption to operations).
  • You can decide if you want your physical count to match the theoretical stock at the beginning of an adjustment or you can decide to “zero out” your stock for all items prior to beginning the count.
  • You can track stock counts in stages that match your current workflow. Stock-counters can enter the data, have it reviewed by managers and then accounting staff can make the final adjustments.

Read More