Exploring Physical Inventory - Cycle Counting (4LU)

Objective

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

Log in to track your progress & complete quizzes