Minimize disruptions to your business by streamlining the physical count process

Outstanding customer service and optimum manufacturing productivity require accurate, up-to-date inventory information. Honeycomb®ERP Physical Inventory provides this information through an automated process that minimizes disruptions to business operations during the physical count process

Dynamic Stock Status

Because of the perpetual inventory activity within an enterprise, the ability to track its movement is critical. Honeycomb®ERP Inventory manages and provides full visibility of all material movement within your warehouse or location, as well as between your locations.
Inventory details are tracked by individual bins, as well as through stocking, consigned and in-process locations. Balances are maintained by category for each plant or warehouse location, providing dynamic stock status and historical visibility.

Flexible Cycle Counting

With Physical Inventory, you can take comprehensive, enterprise-wide physical inventory counts or count a fewer number of items with greater frequency. The system dynamically highlights items for cycle counts based on user-specific criteria. By counting items more frequently, you improve inventory accuracy and avoid costly errors in material planning and scheduling.
You may also completely eliminate the need for the annual physical inventory. The system incorporates full capabilities for physical inventory variance reconciliation, results and impact reporting and perpetual or your entire enterprise.

Closed-Loop Process

Physical Inventory provides a full-structured, closed loop process for counting, reconciling and updating inventories. Flexible freeze options allow Honeycomb®ERP to perform inventory counts without disrupting business operations. While, exceptions reports warn of potential error conditions whenever counts conflict with existing data.

Accurate Inventory

Accurate inventory quantities are essential for effective planning and control of your production and distribution processes. The annual physical inventory process can be a costly and time-consuming event that diverts your company's precious resources from your main goal: creating revenue. Physical Inventory helps your company manage this necessary counting and reconciliation process efficiently with minimum disruption.

Variety of Reporting Capabilities

The module provides a variety of comprehensive reports, including: a missing tags report, variances reports for interim and final counts, and financial impact reports. All of which, help manage, reconcile and audit the physical inventory process. Physical inventory data can be retained as long as necessary, providing the ability to audit and verify historical data.

Inventory Tag Generation

• Generates tags for all items for full physical inventory
• Generates tags for unplanned items and quantities
• Creates a tag for every unique item, quantity, lot or serial combination
• Orders tag sequence by location, bin, item and revision
• Allows reversals for generation process

Inventory Count and Recount

• Unlimited recounts permitted
• Editing provided for stock, non-stock and nonstandard items

Update of Perpetual Inventory

• Close of physical inventory or cycle counting process
• Update perpetual inventory records with final results
• Update options by cycle count, cycle ID, or full physical inventory

Supply Management

• Purchased or manufactured material supply
• Planned inventory replenishments
• Support for multiple line items and delivery dates

Demand Management

• Dependent or independent demand
• Planned inventory requirements
• Support for multiple line items and delivery dates
• Item demand profile
• Priority rules for inventory commitments

Consigned Inventory

• Consigned inventory management
• Multiple consigned inventory location types
• Financial ownership and liability transfer