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Tell Me What Is Cycle Count? |
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Answer» A cycle count is an inventory auditing procedure, which falls under inventory management, where a small SUBSET of inventory, in a specific location, is counted on a specified DAY. Cycle counts contrast with traditional physical inventory in that a full physical inventory MAY stop operation at a FACILITY while all items are counted at one time. It helps to see the difference between ACTUAL stock and Book Stock. Book Stock is the stock available in the system. A cycle count is an inventory auditing procedure, which falls under inventory management, where a small subset of inventory, in a specific location, is counted on a specified day. Cycle counts contrast with traditional physical inventory in that a full physical inventory may stop operation at a facility while all items are counted at one time. It helps to see the difference between Actual stock and Book Stock. Book Stock is the stock available in the system. |
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