Tips for a Successful Physical Inventory Count

Posted by Jeanna Courter on Aug 18, 2015 1:55:01 PM

Written by: Brook Kole, Inventory Control Manager at PBD Worldwide

The dreaded notice comes out that there will be a full physical inventory count coming up in one month. Do you delete the notice because you think you do not play an active part in the count or do you start planning on what your role is or how you can assist? Remember, everyone in the organization is responsible for inventory control whether you are in receiving, outbound, customer service, sales, etc.

At PBD, we believe the biggest factors for a successful inventory are "no movement" and the "prep" put in prior to the count. These enable you to get through the actual count with as few distractions and slowdowns as possible. Let's take a deeper look at the "no movement" and "prep" needed for physical inventory counts.

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Topics: Fulfillment Services, Product Fulfillment, Inventory Management, Annual Inventory Count, Physical Inventory, Fulfillment, order fulfillment, inventory control

Cycle Count vs. Annual Physical Count - Which one is right for you?

Posted by Jeanna Courter on Jul 3, 2013 10:47:00 AM

If your organization maintains inventory, Generally Accepted Accounting Principles (GAAP) and IRS rules require you to either count your complete inventory on an annual basis or implement a perpetual counting system. So, which counting system is right for your organization? Arriving at a consensus on the method of inventory management in your distribution model is not a simple process. Below we will discuss two methods for inventory counting and how to decide which one is right for you.  

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Topics: Fulfillment Services, Distribution Center, Fulfillment Companies, Inventory Management, Product Fulfillment Services, Inventory Cycle Count, Annual Inventory Count, Physical Inventory, Perpetual Inventory

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