Hi JC,
Ideally, when the stock take is started, the inventory movement is blocked. The stock take process happens in following sequence.
- Stop the Inventory transactions including Sales after a day's inbound is posted.
- Start physical count of the stock from the store.
- Take the System Stock from SAP
- Compare the System Stock and Physical stock to find out the variance
- Post the variance in SAP.
- Unblock the inventory movements
You will find lots of threads and documents on SCN for SAP physical inventory cycle which is
- Generate PI (Physical Inventory) Document - MI01
- Perform count - MI04
- Post the Differences - MI07
If the store is continuing, it can be done in night time or do not take all items in one go, you can take half of the article in 1 go and rest of store can keep going and when part 1 is done you can take remaining articles. But the articles for which the physical inventory (stock-take) is going on, the inventory movements has to be blocked.
I hope this will help.
Regards,
Amit