Simple Cycle Counting with Business Central & Third-Party Applications
Updated: Apr 19, 2023
Cycle Counts' Significance in Inventory Management
Maintaining accurate inventory is essential for any company that wishes to streamline processes, cut costs, and boost customer satisfaction. Cycle counts, which entail routinely counting a sample of inventory items to make sure that inventory records are accurate, are one method to maintain inventory accuracy.
Cycle counts must be conducted frequently by businesses to detect and resolve inventory record inconsistencies, lower the risk of stockouts or overstocking, and streamline the inventory management process.
The recurring issues with cycle counts in the industry
When conducting cycle counts for inventory management, the industry frequently encounters the following issues:
Minimal frequency: Inventory records become erroneous as a result of infrequent cycle counts, which can result in overstocking, stockouts, and other problems. When it comes to businesses with high inventory turnover, this can be particularly problematic.
Inconsistent methodology: Cycle counts performed using inconsistent procedures yield erroneous findings. For instance, different personnel may apply various counting techniques or devices, resulting in disparities in the results of the count.
Lack of visibility: It is difficult to monitor cycle count performance, spot inconsistencies, and take remedial action when there is insufficient visibility into the cycle count process. This may result in incomplete inventory records and other problems with inventory.
Insufficient training: In order to complete cycle counts accurately and consistently, which results in accurate count results and inventory records, employees need adequate training.
Insufficient coverage: Inventory records for items not recorded are inaccurate because not all inventory items are included in cycle counts. Depending on inventory levels, this may result in overstocking or stockouts.
Failing to resolve differences: Resolving disparities between real and recorded inventory levels right away stops errors from lingering and leading to other inventory-related problems.
Restricted automation: Due to limits in the level of automation that is possible, manual cycle counts require more time and effort to complete and reconcile.
Cycle Counts and Dynamics 365 Business Central: How They May Assist
Cycle counts may be performed and accurate inventory records can be kept with the help of Microsoft Dynamics 365 Business Central's extensive features. Microsoft Dynamics 365 Business Central, for instance, enables users to set up cycle counting by specifying cycle count codes and frequency, choosing a subset of inventory items to count depending on the cycle count code and frequency, and manually entering count data or using a handheld device to scan barcodes.
Moreover, Business Central has the capability to document adjustment justifications, track cycle count performance, and modify inventory levels in response to cycle count results.
Announcing Insight Works' Cycle Count Scheduler App.
The Dynamics 365 Business Central Cycle Count Scheduler software from Insight Works is a potent solution created to enhance the built-in capabilities of Dynamics 365 Business Central and assist companies in streamlining their cycle count procedure.
The Cycle Count Scheduler software goes above and beyond the robust capability offered by Dynamics 365 Business Central for cycle counts and maintaining correct inventory records by adding extra automation, scheduling, and reporting options. Businesses may optimize their inventory management procedures, reduce the likelihood of errors and inaccuracies, and streamline their cycle count procedures by utilizing the app's robust capabilities.
The following are some of the main characteristics and advantages of the Cycle Count Scheduler app:
Automation: By automating the cycle count procedure, the software lowers the requirement for manual labor and increases accuracy. Cycle counts can be scheduled by users for particular times or intervals, and the software will produce count sheets automatically.
Scheduling: To guarantee that objects are counted at the proper frequency, the app offers scheduling features. The frequency and codes for cycle counts can be defined by users, who can then choose a subset of inventory items to count depending on the frequency and code, and schedule cycle counts to take place at predetermined intervals.
Count Sheets: With the software, users can create cycle count sheets that can be printed or shown on a mobile device for barcode scanning. The information on count sheets, which includes the item number, location, and quantity to count, makes it simple for personnel to carry out cycle counts correctly and effectively.
Reconciliation: The Cycle Count Scheduler software offers means for comparing inventory records and count results, such as manually entering count data or utilizing a mobile device to scan barcodes. Users may quickly find and fix errors since the software compares count results to inventory records and indicates differences.
Adjustments: Based on count results, the app enables users to modify inventory numbers, documenting the justification for the adjustment and creating an audit trail for future reference.
Reporting: The Cycle Count Scheduler app offers real-time visibility into cycle count performance, enabling users to track count progress, spot inconsistencies, and take necessary corrective action. Additionally, the software offers reporting features that support performance analysis and long-term cycle count process improvement for enterprises.
In order to assist organizations optimize their cycle count process, the Cycle Count Scheduler app adds to the basic capability of Dynamics 365 Business Central by offering extra automation, scheduling, and reporting options. The Advanced Inventory Count software from Insight Works has been expanded into the Cycle Count Scheduler app. Businesses can streamlined their cycle count process, lower the risk of errors and inaccuracies, and drive greater operational efficiency by partnering with Solution Systems, Inc., a Microsoft Partner specializing in Dynamics 365 Business Central and inventory management, and utilizing these apps' powerful features.
The Importance of Microsoft Partner Experience in Cycle Count Optimization
Although Dynamics 365 Business Central and the Cycle Count Scheduler app from Insight Works offer efficient solutions for cycle count optimization, businesses may still want assistance in setting up and using these products.
Businesses may get the knowledge and assistance they need to optimize their cycle count process by working with Solution Systems, Inc., a Microsoft Partner with a focus on Dynamics 365 Business Central and inventory management. Solution Systems, Inc. is able to assist businesses in identifying opportunities for improvement in their cycle count process and offer tailored solutions to meet their specific challenges and requirements thanks to their in-depth knowledge of Dynamics 365 Business Central and inventory management best practices.
Businesses can benefit from training and assistance from Solution Systems, Inc. to make sure that cycle counts are completed accurately and effectively. They may also assist companies in making the most of Dynamics 365 Business Central's full capabilities with the Cycle Count Scheduler tool from Insight Works to streamline cycle count procedures, minimize mistakes and inaccuracies, and enhance inventory management procedures.
Businesses receive continuous support from Solution Systems, Inc. in addition to initial support, which enables them to modify their cycle count procedure as their needs change over time. Solution Solutions, Inc. assists companies in staying current with the most recent best practices and making sure that their cycle count process is optimized over time thanks to their in-depth knowledge of Dynamics 365 Business Central and inventory management.
Businesses can cut expenses, increase inventory accuracy, and improve operational efficiency by collaborating with Solution Systems, Inc. Solution Systems, Inc. can assist businesses in getting the most out of their cycle count process and fostering long-term success with their tailored solutions and continuous support.
Conclusion
Any organization that wishes to enhance operations, cut expenses, and increase customer happiness must keep accurate inventory data. By doing routine cycle counts and utilizing potent tools like Dynamics 365 Business Central and the Cycle Count Scheduler software from Insight Works, businesses can maintain accurate inventory records and streamline their inventory management procedures.
Businesses may gain the knowledge and support they need to make the most of their cycle count process and boost operational efficiency by partnering with Solution Solutions, Inc., a Dynamics 365 Business Central and inventory management specialist.
Contact Solution Systems, Inc. to optimize your inventory and a variety of other aspects of your business!