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Page 1: Physical Inventory  Close of physical inventory or cycle counting process ... • Update options by cycle count, cycle ID or full physical inventory User-Controlled Purging

F l e x i b l e C y c l e C o u n t i n gWith Physical Inventory you can take comprehensive,

enterprise-wide physical inventory counts, or count

smaller numbers of items with greater frequency. The

system dynamically recommends items for cycle counts

based on user-specified criteria. By counting items

more frequently, you improve inventory accuracy and

avoid costly errors in material planning and scheduling.

You may also completely eliminate the need for the

annual physical inventory. The system incorporates full

capabilities for physical inventory variance

reconciliation, results and impact reporting, and

perpetual inventory updates for single, user-specified

locations or your entire enterprise.

C l o s e d - L o o p P r o c e s sPhysical Inventory provides a full-structured, closed-

loop process for counting, reconciling and updating

inventories. Flexible freeze options allow your business

operations to continue while inventory counting is

underway. Exception reports notify you of potential error

conditions when the counts entered conflict with existing

data.

A c c u r a t e I n v e n t o r yAccurate inventory quantities are essential for effective

planning and control of your production and distribution

processes. The annual physical inventory process can

be a costly and time consuming event, diverting your

company’s precious resources from its main goal -

producing revenue. Physical Inventory helps your

company efficiently manage this necessary counting

and reconciliation process with minimum disruption.

V a r i e t y o f R e p o r t i n g C a p a b i l i t i e sPhysical Inventory provides a variety of comprehensive

reports, including a missing tags report, variances

reports for both interim and final counts, and financial

impact reports. These help manage, reconcile and

audit the physical inventory process.

Physical inventory data can be retained as long as

necessary, providing the ability to audit and verify

historical data.

C y c l e C o u n t A u t o m a t i c Q u e u e G e n e r a t i o n• System-selected items for counting

• User-defined intervals by ABC class

• Cycle counts by commodity code

• User may accept or modify all eligible items

• Multiple concurrent cycle counting

• Cycle identifier controls each cycle

I n v e n t o r y Ta g G e n e r a t i o n• Generates tags for all items for full physical

inventory

• Blank tags for unplanned items and quantities

• One tag each for every unique item, quantity, lot or

serial combination, physical inventory or cycle

count

Outstanding customer service and optimum manufacturing productivity require accurate, up-to-date inventory

information. glovia.com Physical Inventory provides this information through an automated process that minimizes

disruptions to business operations during the physical count process.

Streamlining the physical count process for minimum disruption to your business.

Physical Inventory

G L O V I A . C O M

PhysicalInventory

Engineering Inventory

Costing FIMGeneralLedger

I n t e g r a t i o n

Page 2: Physical Inventory  Close of physical inventory or cycle counting process ... • Update options by cycle count, cycle ID or full physical inventory User-Controlled Purging

Worldwide & Americas Headquarters

Glovia International,1940 E.Mariposa

El Segundo, CA 90245-3457

Tel: +1 800 223-3799

+1 310 563-7000

Fax: +1 310 563-7300

For further information and

regional locations please visit:

www.glovia.com

or contact:

[email protected]

DATAPHY0202

Glovia International

Visit our Web site at www.glovia.com.

With offices worldwide, Glovia International is the leading provider of e-commerce solutions and world-class

services for the digital marketplace. It is the only company to deliver a robust suite of business-to-business

“transaction applications” that are fully scalable and seamlessly integrate with existing enterprise systems. With

customers like Dell Computer Corporation, Panasonic, and Caterpillar, Glovia’s technology enables Fortune 1000

companies to build and run the most advanced digital enterprises that boost their competitiveness in the rapidly

evolving global digital economy. Glovia is a Fujitsu company.

• Tag sequence by location, bin, item and revision

• Reversal allowed for generation process

F r e e z e O p t i o n s• Quantity on-hand at any time per user discretion

• Freeze required before count entry

• Freeze during cycle count entry

• Adjustments allowed after freeze to correct errors

• Original quantity retained

• Freeze reversal allowed

I n v e n t o r y C o u n t a n d R e c o u n t• Unlimited recounts permitted

• Original quantity retained for audit

• Edits provided for stock, non-stock and non-

standard items

• Tag voiding with reason code

• Original count reversal allowed

• Tolerance by commodity

• Cycle count interval by location and ABC value

U p d a t e o f P e r p e t u a l I n v e n t o r y• Close of physical inventory or cycle counting

process

• Update perpetual inventory records with final

results

• Update options by cycle count, cycle ID or full

physical inventory

U s e r- C o n t r o l l e d P u r g i n g• Tags and control files

• By master location

• By cycle count ID

• By full physical inventory

I n q u i r i e s a n d R e p o r t s• Item Tags

• Status Inquiry

• Cycle Count Status

• Physical Inventory Status

• Cycle Count Queue

• Temporary Variances

• Variances

• Period Variances

• Pre-Update Exceptions

• Printed Tags

• Missing Tags

• Inventory Update