1. Together we can build something great FORWARD | 2016 Physical Inventory Process and Best Practices / Multi-Loc Inventory Mgmt. Ken Smith and Tracie Folscroft

2. FORWARD | 2016 Inventory Management Walking the Tightrope Too much Ties up Capital Obsolescence Concerns Risk of Damage Storage Costs Too Little Risk Losing a Sale Unable to Meet Job Schedule Must be Managed Right Place at the Right Time Effective Controls for Tracking

3. FORWARD | 2016 Item Journal Item Journal Adjustments Enter Positive/Negative Adjustments as the occur Item damaged in Warehouse Shortage discovered when picking order Don’t wait until Physical Count to make adjustments For Positive Adjustments, enter correct unit cost (system defaults the “Average”)

4. FORWARD | 2016 Physical Inventory- Stock Post inventory transactions Ship Sales Orders Receive Purchase Orders Post Transfer Orders Post Item Journals Stop ALL inventory movement Receiving Shipping Item adjustments Associating to jobs

5. FORWARD | 2016 Physical Inventory- Stock Run Calculate Inventory Filter by: Item Category Product Group Location Shelf number Vendor

6. FORWARD | 2016 Physical Inventory- Stock Associated Qty Added Fields to Show Associated Qty EXCLUDED from Qty (Calc) and Qty (Phys Inventory)

7. FORWARD | 2016 Physical Inventory- Stock Positive Qty Adjustments Filter on Entry Type = Positive Adjmt. & Qty>0 Validate cost (i.e. Last Direct Cost from Item/Sku) Enter correct Unit Cost

8. FORWARD | 2016 Physical Inventory- Stock Research Variances Sort by Amount (descending) to see the large variances Research Open Orders Recount as needed

9. FORWARD | 2016 Physical Inventory- Associated to Jobs Post inventory transactions Ship Sales Orders Receive Purchase Orders Post Transfer Orders Post Item Journals Stop ALL inventory movement Receiving Shipping Item adjustments Associating to jobs

10. FORWARD | 2016 Physical Inventory- Associated to Jobs Open Associated Document Management Quick Filter Assoc. Document Type ’’ (does not equal blank) Sort by Assoc. Document No. Print to Excel to Count by Job Include Staging Location

11. FORWARD | 2016 Physical Inventory- Associated to Jobs Research Variances Make Adjustments

12. FORWARD | 2016 SKUs (Stockkeeping Units) Differentiate Item Info by Location Purchasing Codes Shelf No. Unit Cost Replenishment System Lead Time Vendor Reordering Policy Stocking levels

13. FORWARD | 2016 SKUs (Stockkeeping Units) Easy Setup Select Create Stockkeeping Unit Filter as needed: Item No. Item Category Location

14. FORWARD | 2016 Supply From Location Supply Inventory from another Location Supply From Code - location supplying finished good Loc Code - location shipping finished good

15. FORWARD | 2016 Supply From Location Shop Order in different Location Supply Components from 1 location (CA) Fabricate in another location (NY) Ship out of 3 rd (Main)

16. FORWARD | 2016 Transfer Orders Create Transfer Order Manually enter Stock Transfers Get Transfer Stock Items – finds stock items to be transferred from the Supply From Location to the shipping Location

17. FORWARD | 2016 Transfer Orders Create Transfer Order Get Transfer Item Ledgers – finds completed shop built items to be transferred from the Supply From Location to the shipping Location

18. Together we can build something great FORWARD | 2016 Physical Inventory Process and Best Practices / Multi-Loc Inventory Mgmt. Ken Smith ken@accessit.com Tracie Folscroft tfolscroft@accessit.com Thank you for attending our session!