One key use of performing cycle counts with the i360 Pro RFID system is to compare the physical inventory in a store with the inventory balance reported in the system, known as the Inventory Balance Report (IBR). Discrepancies can arise due to shrinkage or other unaccounted reasons, making it essential to align physical counts with system records.
How It Works
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Cycle Counts and Scanned Value
- When a cycle count is performed, the i360 Pro app uses RFID to scan the inventory in the location.
- The Scanned Value represents the quantity of inventory detected by the app.
- The Expected Value comes from the Inventory Balance Report (IBR), showing what the system expects to be in the location.
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Handling Discrepancies
- If there’s a difference between the scanned and expected values, merchants can manually adjust the count.
- If no manual adjustment is made, the Scanned Value is used by default.
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Initiating Inventory Adjustment
- From the Cycle Counts page, users can initiate adjustments by clicking on Initiate Adjustment.
- The system will create an inventory adjustment based on the available data:
- If a manual adjustment has been made, the Manually Adjusted Quantity is used.
- If no manual adjustment is present, the Scanned Quantity is taken into account.
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Viewing and Committing Adjustments
- After initiating an adjustment, users can click View Adjustment to review the transaction.
- This action redirects them to the transaction page, where they can either:
- Commit the adjustment to finalize the changes.
- Error the transaction if corrections are needed.
Why This is Important ?
- Accurate Inventory Records: Align physical inventory with system data to minimize errors.
- Simplified Adjustment Process: Quickly create and review adjustments directly from the cycle counts page.
Articles in this section
- Item Import Field Descriptions
- Overview
- Merchant Onboarding
- Navigation Bar
- Reports
- Items
- Settings
- Dashboard Overview
- Company
- Register
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