Setting cycle count execution parameters

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This page allows you to set the cycle count execution parameters for a warehouse. Tell me more

The “Set Cycle Count Parameters” page appears.

The system displays the following in the “Warehouse Details” group box:

Warehouse #

The number identifying the warehouse selected in the previous page.

Warehouse Description

The textual description of the warehouse.

Warehouse Type

The type of the warehouse, which could be either “Free” or “Normal”.

The system displays the following in the “Execution Parameters” group box:

Class

The class that belongs to the classification method selected in the "Set Cycle Count Options” activity. The system displays “A”, “B” and “C”, if the selected classification method is “ABC” and “V”, “E” and “D”, if the selected classification method is “VED”.

Initial Accuracy (%)

The initial accuracy percentage for the item of the particular class (Decimal). Mandatory. Ensure this value is between 1 and 100.

Note: For the first cycle count, you need to specify the initial accuracy. For subsequent cycle counts, the system updates the current accuracy.

The system displays the following:

Current Accuracy (%)

The current accuracy percentage for the item of the particular class.

Desired Accuracy (%)

The desired accuracy percentage for the item of the particular class (Decimal). Mandatory. Ensure this value is between 1 and 100.

Count Interval (Days)

The number of days after which the cycle count is repeated for the item of the class (Integer). Mandatory. The system calculates the count interval.

This field can be modified.

The system displays the following in the “Record Statistics” group box:

Last Modified By

The name of the user who last modified the cycle count parameters.

Last Modified Date

The date on which the cycle count parameters were last modified.

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Setting cycle count execution parameters – An overview

Set Cycle Count Parameters - A summary of the activity

This page allows you to set the cycle count execution parameters for a warehouse. You can enter the current accuracy initialization, desired accuracy percentage and count intervals for the various classes in the selected classification method.

Current accuracy is the accuracy percentage of the last cycle count. Desired accuracy percentage is the accuracy percentage desired from the cycle count. For the first cycle count, you need to specify the initial accuracy and the desired accuracy percentage. After the first count, system automatically generates the current accuracy percentage based on the following formula:

Current Accuracy

=

Number of items with “No Adjustment” requirement

/

Total number of items counted for that class of items

You cannot modify the current accuracy percentage. However, you can change the desired accuracy level for the subsequent counts. Based on the desired accuracy percentage, the system calculates the count interval as follows:

Count Interval  =  [365 * (1.001 - (D / 100))] / [(D / 100) * (1.001-(C / 100))]Where D is

 the Desired accuracy percentage and C is the Current accuracy percentage.

You can also modify the count interval.

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