pbewig
Member
My company normally uses only cycle counts to verify our inventory records. We are about to be purchased and the buyer requests a wall-to-wall physical count. The tag count procedure is similar to cycle counts and should work for our storeroom. However, I am at a loss how to do a physical inventory of open orders (work in process inventory). We have some parts that are issued to work orders and others that are backflushed, and need a way to verify the value of both. We need a way to verify the value of labor and overhead that have been added to each piece at each operation sequence. We need a way to verify the value of parts currently at vendors for outside processing.
Has anyone done a physical count of open orders? Do you have any suggestions?
Many thanks,
Phil
Phil Bewig (314)679-4313 World 7.3 cume 11
Has anyone done a physical count of open orders? Do you have any suggestions?
Many thanks,
Phil
Phil Bewig (314)679-4313 World 7.3 cume 11