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a physical inventory taken by personnel who perform a handson count of inventory without access to the quantities currently shown on electronic or other inventory systems blind counts are used to assess the integrity of the automated inventory systems, galleries of blind stock count you may like also zhp bmw shift knob , the count administrator then compares the count quantities to onhand quantities and investigates any variances usually conducting recounts of each variance the problems with blind counts are that they have lower firstpass accuracy rates and are more time consuming, sap blind count tcodes transaction codes create physical inventory document tcode mi01 process list of differences tcode mi07 enter inventory count with document tcode mi04 complete list of tcodes for blind count
blind counts are performed without knowledge of the quantity that is listed in the accounting records if blind counts are not performed the person performing the count may see the system quantity on the count sheet and simply match its count to the system quantity to avoid the hassle and additional time of investigating variances, this happens continuously dependent upon the amount of inventory you have in stock the cycle count process could take anywhere from a week to several months physical counting on the other hand is a process of counting the entire inventory in a facility and correcting inaccuracies in inventory records
at zenventory were proud of the inventory accuracy our customers enjoy interestingly our cycle counting module has sparked debate among our users implementing a cycle counting process in your warehouse means that you are counting parts of your warehouse frequently rather than closing your entire warehouse for a count which is costly, dont count on blind bullishness to boost stocks cnbc npr and bloombergtv deliver daily investing tips and stock picks provide analysis with actions to take and answer your biggest , to perform a blind systemdefined count run the stock quantity update process to update the inventory quantities with the count data request a counting event using the event creation page the event creation process adds the specified detail lines to the counting event and sets the status of each detail line to new, this is called a blind count and helps to eliminate guessing on the part of counters as they would not know what the quantity is stop your business operations inventory transactions on the day of counting or exercise proper control over movement of inventories