ABC Codes

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ABC Codes

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The ABC code is used for cycle counting. Cycle counting replaces the need for annual stock takes by counting the stock on a regular basis, i.e most working days.

A code items include the most valuable stock and is usually counted every month and is normally less than 1% of the items.
B code items is the average value items and is counted every 6 months and is normally about 9% of items.
C code items are the low value stock items and is counted once a year and are the remaining 90% of items.

 

The ABC codes can be automatically set by taking a snapshot of the current inventory. Go to inventory/System maintenance/Initialise ABC codes.

ABC1

Code:

Enter the code or press the dropdown for existing codes.

ABC2

Description:

Enter the description for the selected code

 

Percent:

Enter the percentage of stock to be included in this code. The total percentages must add up to 100 percent.

 

Days:

Enter the number of days between each item count.