Cycle Counting - How do I calculate my cycle count?

Q: How do I calculate my cycle count?

Cycle counting involves counting a small amount of inventory in the warehouse each day, with the intent of counting the entire inventory over a period of time. Any errors found during these small incremental counts should result in an adjustment to the inventory accounting records.

Answer

In cycle counting, a small portion of the warehouse's inventory is counted daily with the goal of eventually counting the whole inventory. The inventory accounting records should be adjusted if any mistakes are discovered during these tiny incremental counts.

Cycle Counting - How do I calculate my cycle count?

Other useful ERP terms

AI generated suggestions