how to create a cycle count report
 

I already have a report in place with some data in it, so I have a total of
items counted and a total count of variences, how can I come up with a
percentage of the variences?

Answer: how to create a cycle count report
 

To calculate the percentage of variances in your cycle count report, you can follow these steps:

1. Determine the total number of items counted in your report. This should be a sum of all the items counted in each cycle count.
2. Determine the total count of variances in your report. This should be a sum of all the variances in each cycle count.
3. Divide the total count of variances by the total number of items counted.
4. Multiply the result by 100 to get the percentage of variances.

For example, let's say you counted a total of 1000 items and found 50 variances in your report. To calculate the percentage of variances, you would divide 50 by 1000, which equals 0.05. Then, you would multiply 0.05 by 100 to get the percentage, which is 5%.

So, in this example, the percentage of variances is 5%. This means that 5% of the items counted had a variance.

how to create a cycle count report
 

hi
2 ways to look at it.
item varience or piece variance.
example....
inventory has 10 items and each item has 10 pieces.
total items = 10. total peice = 10x10=100
you count. 9 items are correct. 1 item is short 1.
item varience = 9 out of 10 correct or 90% accuracy or 10% variance.
piece variance = 99 out of 100 correct or 99% acuracy or 1% variance.
I perfer the latter because it gives a better picture of how well you are
controling the inventory. the latter will also be supported by the $
variance.
variance will occur. don't be concerned about a item being off. be concerned
by how much it is off.
many things result in variance.
over issues
under issues
misplaced items
misdirected items
incorrect input
no input(worst-missing or lost paperwork)
bad cycle counts resulting in adjustments. (avoid adjustments).
COMPUTER GLITCHES - grrrrr
other(flukes)
good inventory control is the result of controling the sum of the above.
so to get piece variance.
subtract item counted from on hand balance. if negative numbers exist,
convert then to positive. =IF(B10-A100,B10-A10,(B10-A10)*-1) where a10 =QOH
and B10= count. adjust formula to fit your data.
sum the QOH for all items. sum the variance for all items.
divide sum of variances by sum of QOH=total piece variance.

regards
FSt1
member APICS


"Alex .P" wrote:

I already have a report in place with some data in it, so I have a total of
items counted and a total count of variences, how can I come up with a
percentage of the variences?