I am in the process of setting up a perpetual inventory procedure at a new warehouse we are currently using.
Has anyone got any ideas on where to start or any advice would be greatfully recieved.
I think Fiona means a contineous stock count process and not in relation to material costing.
A good place to start would be a stock take of the warehouse or use of the most recent stock take data. The stock take forms your base data, then say on a weekly basis you do a stock check of a location at random....checking movement in/out on that location to your base data.
The aim is to eliminate the need for a full stock take, especially if it is a large warehouse where stock take is an enourmous task and disrupts business + very costly.
The risk of this however is you will have locations not being checked/audited regurlarly....if you have loads of small locations