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Define Cycle Counting And Explain Its Use In Oracle Inventory? |
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Answer» Cycle Counting is a process of periodic counting of individual item / all the items throughout the course of the year to ensure the accuracy of inventory quantities and values. We can do the cycle counting at ORGANIZATION / Sub Inventory LEVEL. Cycle count is used to: To reconcile system on-hand balances with actual COUNTS in inventory. Maintain control over the items that have higher VALUE. Cycle Counting is a process of periodic counting of individual item / all the items throughout the course of the year to ensure the accuracy of inventory quantities and values. We can do the cycle counting at Organization / Sub Inventory Level. Cycle count is used to: To reconcile system on-hand balances with actual counts in inventory. Maintain control over the items that have higher value. |
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