Exploring Physical Inventory - Cycle Counting (4LU)

Objectives
After completing this lesson, you will be able to:

After completing this lesson, you will be able to:

  • Prepare and execute cycle counting

Introduction

Cycle counting is a special physical inventory procedure where specific materials are physically counted at regular intervals within a fiscal year. The cycle counting procedure is a full physical inventory: all stock management units are counted at least once a year.

The cycle counting starts with the classification of materials.

Assignment of Cycle Counting Indicators

Creation of Physical Inventory Documents

Save progress to your learning plan by logging in or creating an account

Login or Register