Physical Inventories

PSSC requires an annual physical inventory for all clients.  PSSC does not use cycle counts at either facility.  PSSC works with publishers to determine a schedule that is acceptable for their needs. Physical inventories must be scheduled in advance. 

Annual Inventory Process – PSSC requires that all activity be cut off prior to all physical inventories since cycle counts are not practical with our client base. 

Pre-inventory Planning – Whenever practical, PSSC will prepare bulk storage to facilitate accuracy of the counting process. 

Process:

• PSSC will make two independent physical counts in both bulk and bin/pick locations.
• Upon completion of counts, all variances in counts will be revisited and a final count verified and entered.
• After all count variances have been addressed, final counts will be matched against the PSSC perpetual inventory for discrepancies.  At this time PSSC will look at errors that may have affected the on-hand inventory level. 
• Final inventory report generated for client.
• On site audit when requested

Audit – PSSC welcomes independent audits of annual physical inventories when performed. Auditors may observe the process but are not granted staff assistance for any purpose until the scheduled audit date.