TIME-BASED PHYSICAL INVENTORY MANAGEMENT
The present disclosure relates to software for performing and managing physical inventory processing. The physical inventory processing may be performed by a software application. The software can be operable to analyze timestamp data associated with a physical count of the inventory and timestamps associated with a movement of goods in the physical inventory. The timestamp may include a date and a time to an appropriate level of granularity as to quickly or easily distinguish between goods movement or to appropriately process or ignore such movement in calculating book stock. The analysis can dynamically calculate book stock that reflects the physical inventory by comparing timestamp data over a particular time period. This physical count can be performed utilizing a scanning device that automatically associates an initial timestamp for an inventory item.
1 . Software for managing physical inventory, the software comprising computer readable instructions embodied on media and operable when executed to:
identify a first timestamp associated with a first action involving physical inventory;
identify a second timestamp associated with a second action involving the physical inventory; and
dynamically calculate book stock that reflects the physical inventory given the first and second action.
2 . The software of claim 1 , the first action comprising a physical count of the physical inventory.
3 . The software of claim 2 , the physical count at least partially utilizing a scanning device that automatically associates the first timestamp.
4 . The software of claim 2 , the second action comprising a movement of goods in the physical inventory.
5 . The software of claim 4 further operable to receive a delta based on the goods movement and subtract the delta from current book stock.
6 . The software of claim 5 further operable to:
determine a difference between book stock at the first timestamp and the physical count; and
subtract the difference from the current book stock.
7 . The software of claim 6 , the difference comprising a negative number resulting in an increase in the current book stock.
8 . The software of claim 6 , wherein the determination and subtraction are performed if the delta has been processed prior to the physical count.
9 . The software of claim 1 , each timestamp comprising a date and an eight-digit time value.
10 . The software of claim 1 , the first action comprising a movement of goods in the physical inventory associated with a delta, the second action comprising a physical count of the physical inventory, and the software further operable to:
update the book stock with the physical count; and
ignore the delta if the first timestamp is before the second timestamp.
11 . A computer implemented method for managing physical inventory comprising:
identifying a first timestamp associated with a first action involving physical inventory;
identifying a second timestamp associated with a second action involving the physical inventory; and
dynamically calculating book stock that reflects the physical inventory given the first and second action.
12 . The method of claim 11 , the first action comprising a physical count of the physical inventory.
13 . The method of claim 12 , the physical count at least partially utilizing a scanning device that automatically associates the first timestamp.
14 . The method of claim 12 , the second action comprising a movement of goods in the physical inventory.
15 . The method of claim 14 further comprising receiving a delta based on the goods movement and subtracting the delta from current book stock.
16 . The method of claim 15 further comprising:
determining a difference between book stock at the first timestamp and the physical count; and
subtracting the difference from the current book stock.
17 . The method of claim 16 , the difference comprising a negative number resulting in an increase in the current book stock.
18 . The method of claim 16 , wherein the determination and subtraction are performed if the delta has been processed prior to the physical count.
19 . The method of claim 11 , each timestamp comprising a date and an eight-digit time value.
20 . The method of claim 11 , the first action comprising a movement of goods in the physical inventory associated with a delta, the second action comprising a physical count of the physical inventory, and the method further comprising:
updating the book stock with the physical count; and
ignoring the delta if the first timestamp is before the second timestamp.