Physical Inventory Count

Physical Inventory

GFEBS Plant Maintenance Process Overview

 

What is Physical Inventory?

 

-     Physical Inventory (PI) accounts for the items in storage.

-     PI can be conducted annually, continuously, or for legal

 reasons.

-     PI lets management know if stock or special stock items

 are available.

 

The PI methods are:

 

-     Periodic Inventory

-     Continuous Inventory

-     Cycle Counting

-     Inventory Cycling