Rover Master Class: July 2024 - Inventory Control & Cycle Counting

This Rover Master Class session focused on inventory control and cycle counting within the Rover ERP system. The session covered how to set up inventory control parameters, stratify parts for cycle counting, assign cycle count dates, create and enter cycle counts, review variance reports, post cycle counts, and clean up cycle count records. It also addressed common questions related to cycle counting, such as correcting errors and accounting for sales activity during the cycle counting process. The session concluded with an announcement of the next Rover Master Class, scheduled for August 14th, focusing on change history and its functionalities within the Rover ERP system.

Highlights
🧮 Setting up Inventory Control: The session explained how to configure inventory control settings within the system, including average usage calculations, inventory locations, and bin control options.
📊 Stratifying Parts for Cycle Counting: It outlined how to categorize parts into A, B, and C categories using dollar cut-off criteria or percentage usage cut-off criteria.
🗓️ Assigning Cycle Count Dates: The session demonstrated how to assign cycle count dates to parts based on their ABC stratification, allowing for targeted counting schedules.
🔍 Entering Cycle Counts and Reviewing Variance Reports: The session provided a step-by-step guide on how to enter cycle count information, create count sheets, and review variance reports to identify discrepancies.
🔄 Posting Cycle Counts and Cleaning up Records: It explained how to post cycle counts to inventory and clean up records for canceled or deleted counts, ensuring accurate inventory management.