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The DataModes PHYSICAL INVENTORY module is an add-on module for improving the accuracy and reducing the burden of doing a count of goods on hand. This process is done monthly or annually in most businesses to verify the accuracy of the perpetual inventory maintained by the computerized inventory control system. The computer inventory is being continuously updated by receipts and shipments to meet customer orders. The physical inventory verifies this system by an actual count which is often tedious. The work is usually done off hours or on the weekend. Employees are recruited to work extra hours often during holidays. Motivation is low an the accuracy of the count is often in question. Recounting by supervisors is common. Two versions are offered: one which uses manual methods including inventory tags and one which uses bar code readers and data collection devices. The second method requires a small hardware investment in Videx or Telxion style portable collection devices.
"Physical Inventory" is part of the Datamodes TM/4 Solutions line of products, developed by DataModes.