Stocktake at a glance

Reference

This topic provides an overview of the Stocktake methods currently available in Fred NXT. Refer to Suggest my stocktake to select the appropriate stocktake method.

  External Stocktake Batch Stocktake Scan & Count
Use ... Stocktake provider's device. Fred NXT Mobility or Fred NXT Office Fred NXT Mobility
When ... After hours After hours Business hours
Full store or part store Full Store Stocktake

Part store

Create specific batches, based on Hierarchy, Suppliers or any Filter available in Fred NXT Office > Stocktake > Add Products.

— OR —

To generate a full store batch, add the entire Retail hierarchy.

Ad hoc updates of the store

Using this as maintenance, ensures that full store or batch stocktakes should result in smaller variance.

Posting/Committing Post the completed count in Fred NXT Head Office.

Post the completed count in Fred NXT Office.

N/A

Each line is updated and posted automatically in Fred NXT Office.
Count must be completed in one night Yes

Yes

Ideally batches should be posted once counted for date to be accurate. However, the count will be accurate if posted later, as the posting is just an adjustment from the expected SOH.

 N/A
Can be initiated in store No Yes Yes
Can be initiated in head office Yes Yes No
Adjusts stock not counted

Yes

If a product in the extract is not counted, it will be adjusted to 0.

Yes

If a product is in the batch and not counted, it will be adjusted to 0.

N/A

The filter Counted Prior To can be used to locate products that have not been counted prior to the selected date, or have been counted however no movement has occurred.

Reporting available

(stock variance, missed products, valuation).

 Yes Yes Yes
Dual located products are accounted for It is the responsibility of the stocktake providers (and their systems) to provide the Total Qty for each product. Fred NXT Mobility appends the counted Qty if a product is scanned multiple time within an open batch.

No

Each scan and count overwrites the Qty counted, as the figures are posted immediately.

Periodicity

(Recommended)

 Yearly Quarterly Weekly
Refer to External Stocktake Batch Stocktake Scan & Count
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