Inventory Count

The Inventory Count feature enables improved tracking of inventory and tighter control over assets. You can enter regular periodic counts of on-hand item quantities to maintain inventory accuracy. Keeping an accurate item count can help reduce required safety stock, which lowers your overhead costs.

You can create an inventory count in two ways:

When you create and start a count, NetSuite takes a snapshot of the on-hand quantity of the items to be counted. After you complete the physical count, you can enter the count data on the Inventory Count page. You can edit and change the count data on a count form multiple times until the count is marked Complete.

A completed count can be reviewed to be approved or rejected. A rejected count must be counted again by the warehouse manager. An approved count generates variances to account for any quantity differences between the original snapshot and the final count.

NetSuite compares the results of the count with the on-hand quantities from the inventory snapshot. If you continue to process inventory changes while the counting activities are occurring, please note these changes. Include these changes when you enter the Count Quantity into the inventory count transaction. Alternatively, Inventory Count provides Recalculate Snapshot preference that enables you to account for such updates to on-hand quantities. For more information, see Setting Up Inventory Count or Working with an Inventory Count.

For items using calculated inventory counts, when you return to the item record of an item you have completed a count for, the Inventory subtab shows count data, including the last count date and next count date.

The Advanced Bin/Numbered Inventory Management feature must be enabled to support inventory counts of serialized or lot numbered items.

Related Topics

Setting Up Inventory Count
Working with an Inventory Count

General Notices