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Inventory Count - Tracking Metrics

in Ask A Guru 2 comments

Hello there,

My team has a process for inventory cycle counts primarily in Google Sheets. The final step is to upload a item adjustment for the variance. I'm calculating IRA (formula below) in Google Sheets.

IRA = [ 1-the sum of the absolute variance / # the sum of the total inventory ] x 100

Source: https://www.netsuite.com/portal/resource/articles/inventory-management/using-inventory-control-software-for-cycle-counting.shtml

I'm wondering about uploading the IRA into Netsuite to be able to begin collecting the IRA by location so that over the course of the year I can record the accuracy.

I was wondering if anyone had a recommended object/table to upload the IRA metric to for saving it , or if this is something I should figure out in Google Sheets as well.

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