Bin and Inventory Status Preferences
The Smart Count SuiteApp enables you to validate tolerances at the item, bin, and inventory status levels. Tolerances are validated against each of the inventory statuses that you have defined for your inventory. These validations help provide an overview of inventory status, which helps in inventory planning.
Validations at Inventory Status Levels
You have an item ABC in your inventory. The inventory statuses are 'good' and 'damaged' for this item. Each item costs $10 and the total number of units is 150.
The following are the tolerances defined for ABC:
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Quantity Tolerance = 5 units
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Quantity Percentage Tolerance = 2%
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Amount Tolerance = $10
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Amount Percentage Tolerance = 2%
Out of the total 150 units of ABC, 100 units are expected to be in good condition, and 50 units are expected to be damaged condition. The expected cost is $1000 for good units and $500 for damaged units.
After count, 97 units with a total cost of $970 are found to be in good condition. There is a variance of 3 units and $30 from the expected values. Similarly, 48 units with a total cost of $480 are found to be damaged. There is a variance of 2 units and $20 from the expected values.
The SuiteApp will now validate the tolerances defined for ABC against the good and damaged inventory statuses. After validation, the SuiteApp will either automatically approve or send an Item Count record for approval based on the set preferences.