You enter these percentages when you define your:
You enter these tolerances when you define your cycle count header and cycle count classes. Inventory uses the values you define at the cycle count class level first. If you do not have any defined for an item's class, it uses the values at the cycle count header level. If you have no tolerances defined for the header, Inventory assumes that there is no limit to the approval tolerance.
|Item Standard Cost||$10.00|
|Positive Quantity Variance Tolerance||5%|
|Negative Quantity Variance Tolerance||10%|
|Positive Adjustment Value Tolerance||$200|
|Negative Adjustment Value Tolerance||$250|
|Table 1 - 26. (Page 1 of 1)|
|System on-hand quantity||Count Quantity||Quantity Variance||Adjustment Quantity||Adjustment Value||Tolerance Exceeded|
|100||106||+6%||+6||+$60||Positive Quantity Variance|
|100||88||-12%||-12||-$120||Negative Quantity Variance|
|100||122||+22%||+22||+$220||Positive Quantity Variance and Positive Adjustment Value|
|100||73||-27%||-27||-$270||Negative Quantity Variance and Negative Adjustment Value|
|Table 1 - 27. (Page 1 of 1)|
You enter hit/miss tolerance percentages when you define your cycle count header and when you define your cycle count classes. Inventory uses the percentages you define at the cycle count class level first. If you do not have any defined for an item's class, it uses the tolerances at the cycle count header level. If you have no tolerances defined for the header, Inventory assumes that there is no limit to the hit/miss tolerance, and all variances are therefore "hits" regardless of the size.
Inventory uses these tolerances to generate the Cycle Count Hit/Miss Analysis report. See: Cycle Count Hit/Miss Analysis.
You specify measurement errors when you define or update an item. Use measurement errors with extreme caution since they actually prevent cycle count adjustments from taking place. You would typically use this feature on an exception basis for items you cannot accurately count. For example, if you visually check the level of bolts in a bin to estimate the quantity, or you use their weight to approximate the quantity, you might want to allow for measurement errors. Therefore, if your system tracked on-hand quantity for the bolts in that bin is within an acceptable range, you do not perform a cycle count adjustment. See: Inventory Attribute Group.
Defining Cycle Count Classes
Count Adjustments and Approvals