Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order · Module 11 · Inventory Management
Physical inventory
Lesson 115 of 188 · 11 min
Define a physical inventory, take a snapshot, generate tags, enter counts, review variances, approve and post adjustments, then show the reconciliation report. The snapshot is the critical step. It freezes the book quantity at a point in time. Transacting after the snapshot and before the count invalidates everything. The plant must genuinely stop — genuinely, not "mostly", not "except goods in". This is the cutover activity. Most go-lives involve a full physical count over a weekend to establish opening balances. Plan the weekend, the people and the food — that last item is not a joke, and forgetting it is how a count runs to midnight. Reconcile the total value change, not just the quantities. Finance will ask.
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order, with a certificate on completion and a fourteen-day refund window.