Cycle Counting is arguably the most important part of inventory management. We've aimed to provide the simplest yet most powerful cycle counting system available.
Zenventory's cycle counting system can be as simple or as sophisticated as you like. Zenventory provides system wide counting frequencies, individual item frequencies, the assignment of leakage risks and a host of powerful banding solutions to apply to every item.
At it's most basic level, simply determine how often you would like to count inventory and Zenventory maintains when items were last counted. This provides easy visibility of warehouse locations and inventory that need to be counted based on last count date. However, Zenventory has powerful built in technology to recommend items that should be counted more frequently based on leakage risk, item value, volume, turnover, and accuracy.
Certain inventory may be especially prone to breakage, pilferage, or spoilage. Defining these items as high risk items in Zenventory means that these items can be earmarked for more frequent counting.
Additional power can be harnessed using Zenventory's powerful cycle counting banding system. Simply define system-wide global criteria for determing count frequency by allowing Zenventory to monitor item value, volume, turnover, and inventory accuracy. Zenventory uses this criteria to rank when items should be counted.
Here are a few examples where Zenventory's Banding criteria may be useful:
1. Your warehouse is used to store very high value items. High value items are especially prone to pilferage and should be counted more frequently. Zenventory allows you to define cycle count bands based on item value, then automatically recommends when these items should be counted.
2. Inventory is picked in high volumes or frequently moved. Not counting these items frequently can cause inaccuracies in your stock reporting. By harnessing the volume bands in the system, Zenventory can help maintain accuracy by recommending that these titems be counted more frequently.
3. The turnover band in Zenventory analyzes a combination of volume and value to determine when stock should be counted. This band utilizes the total cost associated with item volume of shipments.
4. Finally, there is the cycle count accuracy band. This band checks the accuracy of previous cycle counts for an item. If this accuracy falls within the thresholds prescribed by your definition, then Zenventory can recommend that the cycle count frequency be changed. So if item counts are consistently inaccurate,
Zenventory can elevate the cycle counting frequency.
Setting up cycle counting in Zenventory is simple, yet powerful. Harnessing the true power of Zenventory's cycle counting logic will help you maintain a high level of accuracy in your warehouse.
