Cycle Counting is an organized division of a warehouse into manageable chunks. Regular counts are required for each “chunk.” These “chunks” can be a range of items and/or warehouse locations. To inspire an optimal use of Cycle Counts, you must employ several strategies. We will explore opportunistic and scheduled counts. We will also go into […]
Posts Tagged ‘Cycle Count’
Scheduled & Opportunistic Counting – How to understand the difference
The use of Scheduled and Opportunistic Counting will improve your inventory controls. Cycle Counting utilizes both of these methods of counting. The utilization of both methods will increase the accuracy of your on-hand reporting. Inventory accountants need this to confidently and accurately report these numbers to investors and banks. So, what exactly is scheduled and […]
Cycle Counting: How to effectively use – Item vs. Location
Cycle Counting is a key part of effective controls to maintain the accuracy and overall cost of Inventory. Physical Inventory Counts are critical to managing inventory accuracy and reporting on shrinkage. Effective Cycle Counting can eliminate or greatly reduce the need for Physical Inventory counting. Inventory accountants need to confidently and accurately report these numbers […]