![]() Improves EfficiencyĪn inventory cycle count maintains accuracy and improves efficiency in a variety of areas. It’s cost-effective to set aside daily or weekly increments of time for counting groups of items. Annual counts often require overtime hours (and closed stores!) to complete a full count of all items in your jewelry or HVAC inventory, for example. You’ll also save money with an inventory cycle count. Plus, frequent counts make it easier to identify lost, damaged, or stolen items in a large warehouse inventory. That means you probably won’t have to shut down your store or ask employees to ignore their regular work just to take inventory. ![]() Instead of scheduling long annual counts of your inventory, cycle counts require smaller time increments and combat the monotony of extended inventory audits. Inventory cycle counts improve business processes in many ways. You may also see an inventory cycle count referred to as an inventory cycle audit. Cycle counting offers business owners a helpful and effective alternative to costly and time-consuming inventory counts. An annual audit of every little thing a company stocks often require businesses to shutter, and is often performed too infrequently to prevent inventory loss. The purpose of cycle counting is to keep tabs on inventory by counting a specific subset of inventory at regularly-scheduled intervals. Although you can count and track stock on a spreadsheet, inventory management software that uses QR codes or barcodes can simplify the process and increase accuracy. Instead of auditing your entire inventory annually, you can schedule daily or weekly inventory counts of small groups of items. This method spreads the count of inventory throughout the year (or another length of time), so you don’t have to to do it all at once. The schedule specifies exactly when each portion of inventory will be counted. What is an inventory cycle count?Īn inventory cycle count is an inventory strategy in which specific, defined portions of inventory are counted on a rotating, recurrent schedule. This article covers what a cycle count is, the purpose and benefits of inventory cycle counting, and how inventory management software can help streamline the process. That’s why it’s so important to perform periodic inventory counts. And accuracy improves operations and saves your business time and money. Inventory cycle counts make it easier for businesses to achieve and maintain accurate inventory lists.
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