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Cycle Counting in Epicor
Cycle Counting in Epicor
Parameter values for the Cycle Counting and the Variance Tolerance sections
establish a company's global values for each ABC code. Parameter values for Cycle
Counting are divided into two sections - Cycle Count and Value Tolerances.
Cycle Count Section: The options in this section determine how to handle the
selection of parts within a defined ABC.
Exclude from Cycle Count - This check box designates if parts containing the ABC code
specified in the ABC Code field are only counted during physical inventory and excluded
from selections for cycle counting in this warehouse.
Stock Valuation Percent - This field is used by Calculate ABC Codes to determine what
ABC code is assigned to a part/warehouse record.
Count Frequency - This field designates how often parts with this ABC classification
code are counted. Express ABC Codes in days. The application converts an entry in
number of days, to represent a number of months (if desired). For example, ABC Code A
should reflect a count performed monthly. The count frequency would be 30 (days) to
represent monthly.
Percentage Tolerance
Quantity Tolerance
Value Tolerance
If 80.0 was specified as the stock valuation factor for ABC Code A, the
Epicor application assigns Code A to inventory items that represent 80% of
the value of the total inventory in the warehouse or site. If 95.0 was
specified as the stock valuation factor for ABC Code B, it assigns Code B
to inventory items that represent the next 15% of the value of the total
inventory in the warehouse or site.
Use Initialize Last Cycle Count Dates to initialize the Last Cycle
Count Date field in part records for selected warehouses, prior to use
of inventory count functions in the Epicor application.
When running the Perform Part Selection selection on the Cycle Count
Schedule Maintenance Actions menu, it uses the Last Cycle Count date,
in conjunction with the cycle count interval factors defined for specific
parts, to calculate the dates on which individual parts should be
reselected for cycle counting.
The Initialize Last Cycle Count Dates program assigns (and spreads) the
last count dates for the selected ABC items across the last x number of
months, where x is the cycle count interval defined for the ABC code
category in ABC Code Maintenance.
If you are performing a single full physical inventory count in which you
count all parts in a warehouse, you first use the Initialize Physical
Inventory program to initialize data and select the parts for processing.
After specifying the warehouses being counted, the Epicor application
performs the following tasks
Selects all bins in the specified warehouse, and assigns parts for counting that
meet the following criteria:
Parts are stocking, quantity-bearing (regularly stocked) items that are not defined
as Kit type parts. These are parts for which the Type field is not set to Sales Kit,
the Non-Stocked Item check box has been cleared, and the Quantity Bearing check
box has been selected
You cannot add, delete or move parts assigned to the physical inventory cycle.