Overview of Physical Inventory

Use physical inventories to reconcile system-maintained item on-hand balances with actual counts of inventory.

Accurate system on-hand quantities are essential for managing supply and demand, maintaining high service levels, and planning production. You can perform these physical inventory tasks:

• Define a physical inventory
• Generate a physical inventory snapshot
• Generate physical inventory tags
• Record physical inventory tags
• Approve physical inventory tags
• Post physical inventory adjustments
• Purge physical inventory