Physical Inventory using Tag# Counting Method General Procedure for each Physical Inventory Cycle 1. Reassign Tag Index and Reset Tag Count file (menu option #4 Below). 2. Print Counting List (Menu option #1 below). (print Inventory Control Report if needed here also) 3. Physically count PNs and record results on the Counting List Note - any counts for PNs not on the list should be added to inventory and use the Physical Inventory Adjustment to enter the counts AFTER steps 4 and 5 below are completed. In other words, any stock counted that wasn't in Inventory should be processed separately AFTER the Tag# Counts have been fully entered/update into the system. 4. Enter the Counts into the Tag Count file (Menu option #2 below). (Enter/edit until all tag numbers with counts are correct) (Run Tag# count reports as needed to verify) 5. Proof/update Inventory with the counts (menu option # 3 below) A report with Old/New counts and value is printed. Overview Each part number is assigned a tag#, and an index (lookup) file is created for use to cross-reference recording and entering counts using the tag# rather than the part number. Tag#'s are assigned based in the order of Items's Location, and then PN order within identical locations. Because of this, once a new tag index has been created and a list has been printed, and counts recorded, you should NOT reassign/create a new index even if you may have added or deleted PNs.