Stock take procedure
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The document outlines the warehouse stock take procedure that takes place over several days. It involves notifying teams one month in advance, completing all stock transactions 3 days before, and organizing the warehouse 2 days before. The day before involves clearing orders and conducting briefings. On the day of stock take, teams are assigned areas to count inventory by hand and record quantities. The totals are calculated and counts are uploaded to scanners and systems. Reports are generated and checked against physical counts, with discrepancies requiring reconfirmation. A final variance report is generated and reviewed before stock movement can resume after the financial audit.
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The document provides guidance on inventory and materials management for Durable Plastics Limited. It discusses defining inventory and materials types. It outlines policies and procedures for purchase requisitions, purchase orders, material receipts, issues, transfers, and the store ledger. It also describes organizing the store management function and handling non-moving inventory through various actions like transfers, returns, price reductions, or donations.
Accounts Payable (AP) Process Flow
This Document provides a brief overview of the Accounts Payable (AP) function in an Organisation. This also include the journal entries of AP transactions.
Inventory counting using Dynamics AX
The counting job is the activity that helps count items that have already been made. An inventory count is a snapshot of the current inventory levels.
As soon as you have taken inventory and specified the quantity on hand, the difference between the quantity counted and the snapshot of on-hand inventory is posted as a loss or gain for the item.
The journal of inventory counts shows the on-hand quantity counted compared to the inventory levels. Each count is given a journal number and date. This lets you view data from earlier counts, specifically which counting journal and voucher the count was posted to, and the date of the count.
Stock transfer using stock transport order
1. An inter-company stock transport order can be used to transfer materials between two plants in different company codes. This involves configuring the supplying and receiving plants, creating a customer and assigning delivery types and document types.
2. To create an inter-company STO, a vendor must be created for the receiving plant and assigned to the supplying plant. The receiving plant must also be created as a customer with the correct sales area. The delivery type, checking rule and document types must then be assigned in customizing.
3. Once configured, an STO can be created to transfer stock from the supplying to receiving plant. A delivery is then generated, goods can be issued and receipted to complete the transfer between the
Apply Quality Standard_2.pptx
This document provides guidance on fault identification and reporting when receiving computer parts and materials. It outlines key considerations and documentation requirements, including matching received items to purchase orders, noting any defects, and generating inventory reports. Sample log and assessment report templates are also included to record receipt of items, their condition, and any needed replacements in accordance with quality control procedures.
Inventory management system
The document discusses an inventory management system. It begins by outlining the objectives of understanding inventory flow and anticipating supply problems. It then describes inventory planning, preparation, and management. It discusses the flow of materials, work in process, and finished goods. It outlines current problems like a lack of proper tracking, consumption reports, and reject lists. Solutions proposed include using requisitions, barcodes, and spreadsheets for improved tracking. Finally, it discusses inventory counting systems, barcodes, and integrating the inventory system with scanning and spreadsheet updates.
Materialnet specific user manual
It is specifically designed for raw material distribution in manufacturer's warehouse to workshop. It maintains raw material, parts, accessories and trims purchasing, inventory and dispatch to workshop. Manufacturer use it to keep track of their purchasing, inventory, consumption and cost comparison
Procurement Policy for Automotive industry's
This summary outlines the key responsibilities and procedures for a company's procurement and purchasing policy. The policy provides guidelines for acquiring goods and services across five departments, including identifying needs, submitting purchase requests, warehouse management, and supplier selection. Departments work collaboratively and the procurement department prioritizes requests to ensure efficient and cost-effective procurement.
Similar to Stock take procedure (20)
warehouse Management Systems, Best warehouse practices,
warehouse Management Systems, Best warehouse practices,
NEW ORGANO_ Inventory & Order Mangement console (1)
NEW ORGANO_ Inventory & Order Mangement console (1)
05 Identificación de Tareas y Contexto de Uso (UX)
05 Identificación de Tareas y Contexto de Uso (UX)
Stock take procedure
- 1. WAREHOUSE STOCK TAKE PROCEDURE ONE MONTH BEFORE STOCK TAKE Issue notification Letter /Memo to Sales team, all Fiffy staff & all Suppliers on the official date. 3 DAYS BEFORE STOCK TAKE To complete all stock transaction , e.g. - Suppliers' goods received - Outlets' goods returned - Item Change Code - Re-process items 2 DAYS BEFORE STOCK TAKE Warehouse to process last order received from SE. Warehouse to control damaged items are segregated and placed in damage zone. Physically organize stock areas 1 DAY BEFORE STOCK TAKE Warehouse to clear any outstanding customer orders Conduct briefings to all teams involved in the stock take. STOCK TAKE DAY Coordinator to assign each inventory team to specific location and provide reports on the stock count. Step 1: COUNTING PROCESS Warehouse team to perform the manual counts of the stocks and write down the qty on paper chit. Step 2: SUM PROCESS Assigned Admin team to sum the total stock counted using calculator and marked with red marker. Step 3: SCANNING PROCESS All stock counted shall be uploaded using scanners, to include location Bin, Item no., Qty and scanner id. REPORT GENERATING FOR 1ST CHECKING Assigned team shall receive copy of the scanned report for particular zone to conduct their checking ensuring scanned item tallies with actual location bin. In case of discrepancy re- confirmation of the quantity to be done by one member of the count team with a controller & update (manually) the records with the final agreed quantity. 1st CHECKING After checked, information will be matched against the scanned report. VARIANCE CHECKING Stock take report shall be uploaded into ERP system and generate Variance Report by Hardine & Softline. VARIANCE CHECKING Assigned team to receive a copy of the report to conduct their 2nd checking. (without quantities) In case of discrepancy re- confirmation of the quantity to be done by one member of the count team with a controller & update (manually) ERP system with the final agreed quantity. AFTER STOCK TAKE COMPLETION No stock movement until financial audit is conducted. VARIANCE CHECKING Under Hard/Softline category, to sort qty from highest to lowest grouping of discrepancies. Purchaser in-charged shall finalises the stock datas with Finance manager for review and final confirmation.