Membership Deal of a Lifetime

Join CMMS Codes today at the lowest price ever and start creating rich, actionable master data.

50% OFF FOR A LIMITED TIME

$49 mo.

Deal ends Jan. 1, 2024

Inventory Discrepancy Codes

Definition

Inventory Discrepancy Codes are used to track MRO inventory discrepancies and adjustments. This information can be analyzed to identify patterns and causes. When possible, causes should be eliminated to prevent future discrepancies. See examples of industry-standard Inventory Discrepancy Codes below.

Code Definition
RE Resolved cycle count error
II Incorrect material – not in catalog
IQ Incorrect quantity
IL Incorrect location
01 Damaged / Not serviceable
02 Deteriorated / Not serviceable
OB Obsolete
PR Planned relocation
NI New material setup
$$ Cost adjustment
......